![](http://images.google.com/images?q=tbn:R8sR7daexSBGmM:www.ted-kyte.com/3D/Pictures/Spark%2520Plug.jpg";)
Rest In Peace, old friend, your work is finished.....
If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....
This is a fairly HIGH VOLUME ping list on some days.....
Posted on 09/02/2009 4:44:04 AM PDT by balls
London-based BP said it had made a "giant" oil discovery in the Gulf of Mexico, reaffirming the area's importance to Western oil majors who are barred from investing in the world's richest oil prospects elsewhere.
BP said in a statement on Wednesday that it had made the find at its Tiber Prospect in the deepwater Gulf of Mexico. The well was drilled in Keathley Canyon block 102.
BP [BP-LN 539.50 20.00 (+3.85%)] has a 62 percent working interest in the block while Brazilian state-controlled Petrobras owns 20 percent and U.S. oil major ConocoPhillips [COP 44.15 -0.88 (-1.95%) ] owns 18 percent.
"These material discoveries together with our industry leading acreage position support the continuing growth of our deepwater Gulf of Mexico business into the second half of the next decade," said Andy Inglis, BP's head of Exploration and Production.
Further appraisal will be required to ascertain the volumes of oil present, BP said.
BP shares, which had been trading down slightly ahead of the statement, jumped to trade up 2.85 percent at 534.5 pence, outperforming a 0.88 percent rise in the DJ Stoxx European oil and gas sector index.
The Gulf of Mexico has become increasingly important to Western oil majors as oil rich-countries such as Saudi Arabia, Venezuela and Russia increasingly reserve their richest fields to be developed by their state-owned oil companies.
(Excerpt) Read more at cnbc.com ...
Impossible. I was watching a show on The History Channel last night where they plainly stated the world is nearly out of oil.
We all know the "experts" are never wrong.
/s
Two words:
Monroe Doctrine.
In whose territorial waters was the discovery made? Didn’t say.
Sure would be nice if our own government would allow some solidly American companies to drillthere, and off our own coasts in shallower waters.
But NOOOO.. The watermelons (and the RINOs) won’t allow that.
Another article said it is 250 miles SE from Houston so it’s right in our back yard
We help everybody else find their oil yet the environazis keep us from exploring/drilling for our own.
Pray for the Tea Party Express
The good thing about any oil found in the gulf is that it will more than likely be shipped to Houston for refining.
We are lucky CHINA did not get this well, since they are to be drilling soon off Florida on behalf of Cuba, and now have a HUGE investment in Canadian oil shale/tar sands.
We have the market. That’s what counts. BP also has a major interest in Alaska and that works out well.
On orders from President Soros, 0bama is rushing an additional $10B to Brazil’s Petrobras to drill it.
Rest In Peace, old friend, your work is finished.....
If you want ON or OFF the DIESEL ”KnOcK” LIST just FReepmail me.....
This is a fairly HIGH VOLUME ping list on some days.....
... The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will "necessarily skyrocket." So much for not raising taxes on anyone making less than $250,000 a year.
Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, "poor people are going to pay a lot more for electricity."
We must move in a new direction. We are ripe for economic growth and energy independence if we responsibly tap the resources that God created right underfoot on American soil. Just as important, we have more desire and ability to protect the environment than any foreign nation from which we purchase energy today.
In Alaska, we are progressing on the largest private-sector energy project in history. Our 3,000-mile natural gas pipeline will transport hundreds of trillions of cubic feet of our clean natural gas to hungry markets across America. We can safely drill for U.S. oil offshore and in a tiny, 2,000-acre corner of the Arctic National Wildlife Refuge if ever given the go-ahead by Washington bureaucrats.
Of course, Alaska is not the sole source of American energy. Many states have abundant coal, whose technology is continuously making it into a cleaner energy source. Westerners literally sit on mountains of oil and gas, and every state can consider the possibility of nuclear energy.
We have an important choice to make. Do we want to control our energy supply and its environmental impact? Or, do we want to outsource it to China, Russia and Saudi Arabia? Make no mistake: President Obama's plan will result in the latter.
For so many reasons, we can't afford to kill responsible domestic energy production or clobber every American consumer with higher prices.
Can America produce more of its own energy through strategic investments that protect the environment, revive our economy and secure our nation?
Yes, we can. Just not with Barack Obama's energy cap-and-tax plan.
- Sarah Palin
I learned something from a fellow freeper.
The idea is this. Back in the 70’s and 80’s the “Peace” movement was secretly funded by the KGB because after all the KGB and their political masters had the most to gain from a disarmed and toothless West.
By analogy who stands most to gain if we don’t drill here? Our friends the Saudi’s and others like them, that’s who. So would it make sense for those players to fund the enviros to make sure we don’t drill here, or for that matter to invest in windmills that are never going to make a dent in our energy needs? You bet.
Follow the money.
Apparently there’s been a history of coal-based utilities funding the “anti-nuclear” movements for all of the same reasons.
Follow the money.
Oil companies keep finding more petroleum because it’s not from the Dinosaurs like the liberal media wants you to believe. It is from Bugs. Thus, it is an endless supply.
If there is an endless supply, then they cannot scream we are going to run out of oil. So now we know one of the reasons for the environmental movement based on fake science.
What Peace movement in the 70s and 80s funded by the KGB are you talking about?
I was around then.
Some college radicals were acquainted with Soviet (and other) commies in the 60s but the 70s and early 80s were not Peace Movement times here. No Nukes was the cry then but it wasn’t exactly a watershed and Chernobyl and Three Mile Island and a couple of agit prop movies like China Syndrome and Silkwood sealed the deal not any movement.
You want to see real Communist funding into American political movements then start back with the early Socialists and US Communists that infiltrated the movie industry and labor unions during Stalin and who got in our state department and later into the Freedom Riders and Civil Rights movement and even the demigod Martin Luther King.
They won’t teach you all that in schools today.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.