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YEAH, it's a DEEP WATER DRILLING BAN! Same Old, same Old underhanded LIES:nuts:

Stealth ban on Gulf drilling

spartan_offshore_drilling.top.jpg
A Spartan Offshore rig, in better times. The rig is now idle, its contractors unable to get drilling permits. By Steve Hargreaves, Senior writerJune 26, 2010: 11:37 AM ET


NEW YORK (CNNMoney.com) -- The offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water -- 500 feet or more.
But drillers in shallow water say they haven't been issued permits since the April 20 explosion. The delay has already forced hundreds of layoffs, and many more could be on the way.


"I'm almost out of business over here," said Paul Butler, president of Spartan Offshore, a small drilling company in Metairie, La.
Butler said that only one of his four drill rigs are operating; all four were drilling before the spill. Spartan has six contracts that would put his entire fleet back to work, but he can't get going until the permits come through, he added.
The week before last, Butler said he had to lay off 72 employees. Come Tuesday he'll have to let another 140 go.
"That's 140 families, is how I look at it," Butler said.
Same is true at Hercules Offshore, the largest shallow water driller in the Gulf.
"The Department of Interior isn't issuing permits," said Jim Noe, a Hercules executive. "By mid July all of our rigs will be on the beach, and the workers without a job."
That could be a lot of jobs. [more]
http://money.cnn.com/2010/06/25/news/economy/shallow_drilling_ban/index.htm
 
nnuut said:
YEAH, it's a DEEP WATER DRILLING BAN! Same Old, same Old underhanded LIES:nuts:

Stealth ban on Gulf drilling

spartan_offshore_drilling.top.jpg
A Spartan Offshore rig, in better times. The rig is now idle, its contractors unable to get drilling permits. By Steve Hargreaves, Senior writerJune 26, 2010: 11:37 AM ET


NEW YORK (CNNMoney.com) -- The offshore drilling ban imposed after the BP disaster is only supposed to hit operations in deep water -- 500 feet or more.
But drillers in shallow water say they haven't been issued permits since the April 20 explosion. The delay has already forced hundreds of layoffs, and many more could be on the way.


"I'm almost out of business over here," said Paul Butler, president of Spartan Offshore, a small drilling company in Metairie, La.
Butler said that only one of his four drill rigs are operating; all four were drilling before the spill. Spartan has six contracts that would put his entire fleet back to work, but he can't get going until the permits come through, he added.
The week before last, Butler said he had to lay off 72 employees. Come Tuesday he'll have to let another 140 go.
"That's 140 families, is how I look at it," Butler said.
Same is true at Hercules Offshore, the largest shallow water driller in the Gulf.
"The Department of Interior isn't issuing permits," said Jim Noe, a Hercules executive. "By mid July all of our rigs will be on the beach, and the workers without a job."
That could be a lot of jobs. [more]
http://money.cnn.com/2010/06/25/news/economy/shallow_drilling_ban/index.htm
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Not according to Jim..
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Originally Posted by Jim
HERE Dennis- is a neutral site for you to see:

Popular Mechanics is about as non-political as I can find that addresses the moratorium:


http://www.popularmechanics.com/scie...ing-moratorium


They are NOT shutting down all existing platforms producing in the Gulf of Mexico.

The moratorium ONLY affected NEW exploratory wells to be drilled in OVER 500 feet of water.

It has nothing to do with existing wells (3600 of them), with those in water less than 500 feet, and it was only for a six-month period, while regulations were reviewed and revised, and company application packages were reviewed.
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Only DEEP water rigs are affected by the Moratorium...Surely Jim will write or call these people soon too.
 
Just posting the NEWS as I get it, I'm not here to select what I post to meet anybodies agenda!
 
06/28/2010 - Updated 3:18 PM ET
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Crude futures fall nearly 1% as tropical-storm worries ease
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By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude futures declined Monday as mildly positive economic data in the U.S. failed to lift markets and bearish sentiment prevailed after concerns about a tropical storm brewing near the Gulf of Mexico eased.
http://markets.usatoday.com/custom/...S&guid={79BD6FA4-9E2A-4B25-9DED-C130DC606671}
 
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I haven't seen or heard of any new attempts to contain or catch any of the oil, Like Kevin Costner's Idea and a few others that seemed doable..WTF is wrong with these idiots?..try anything to slow the oil spread would be my plans till they can kill the well...:mad:

They are just lucky by the grace of God and nature that the Storm Alex has or will go NW.
 
Buster said:
I haven't seen or heard of any new attempts to contain or catch any of the oil, Like Kevin Costner's Idea and a few others that seemed doable..WTF is wrong with these idiots?..try anything to slow the oil spread would be my plans till they can kill the well...:mad:

They are just lucky by the grace of God and nature that the Storm Alex has or will go NW.
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I blame that part of this Debacle on Obama!! He wants it to be bad to promote his agenda!! :nuts:
What ever it takes, no different who is hurt because the END JUSTIFIES the MEANS!!:suspicious:
Let's hear one for CAP and TRADE!!
 
06/29/2010 - Updated 9:34 AM ET

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Crude futures drop below $76 as Gulf storm worries ease Traders await API's weekly inventories data Tuesday afternoon
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By Polya Lesova, MarketWatch & Nick Godt, MarketWatch

NEW YORK (MarketWatch) -- Crude-oil futures fell 3% to trade below $76 a barrel on Tuesday, with global markets coming under pressure after the Conference Board lowered its estimate of Chinese leading indicators.
http://markets.usatoday.com/custom/...S&guid={C245815E-3C5F-41F3-876D-164A947209E4}
 
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6/29/2010 - Updated 1:50 PM ET
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Crude futures fall below $76 on China growth worries Traders await API's weekly inventories data Tuesday afternoon
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By Polya Lesova, MarketWatch & Claudia Assis, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell more than 3% on Tuesday, with global markets coming under pressure after the Conference Board lowered its estimate of Chinese leading indicators and U.S. consumer confidence dropped.
Crude for August delivery fell $2.67, or 3.4%, to $75.59 a barrel on the New York Mercantile Exchange. A close around these levels would take oil prices to their lowest in two weeks. [more]
http://markets.usatoday.com/custom/...S&guid={C245815E-3C5F-41F3-876D-164A947209E4}
 
BP giving financial help to stations​

HOUSTON – Gas could become cheaper at some BP pumps after the oil company agreed to measures meant to help distributors and station owners offset a consumer boycott against BP fuel that was sparked by the out-of-control spill in the Gulf of Mexico.
BP PLC has offered to give distributors of its gasoline money back for every gallon of gas they purchase at terminals. The cash back amounts to 2 cents per gallon along the Gulf Coast and 1 cent per gallon in the East and Midwest, according to several dealers contacted by The Associated Press. BP confirmed the figures.
The distributors, who in many cases also own and operate stations, may pass along some of the savings to motorists in the form of cheaper gas, although that could depend on how badly a particular BP station is hurting.

http://news.yahoo.com/s/ap/20100630/ap_on_bi_ge/us_oil_spill_bp_at_the_pump
 
Buster said:
BP giving financial help to stations​


HOUSTON – Gas could become cheaper at some BP pumps after the oil company agreed to measures meant to help distributors and station owners offset a consumer boycott against BP fuel that was sparked by the out-of-control spill in the Gulf of Mexico.
BP PLC has offered to give distributors of its gasoline money back for every gallon of gas they purchase at terminals. The cash back amounts to 2 cents per gallon along the Gulf Coast and 1 cent per gallon in the East and Midwest, according to several dealers contacted by The Associated Press. BP confirmed the figures.
The distributors, who in many cases also own and operate stations, may pass along some of the savings to motorists in the form of cheaper gas, although that could depend on how badly a particular BP station is hurting.

http://news.yahoo.com/s/ap/20100630/ap_on_bi_ge/us_oil_spill_bp_at_the_pump
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BP Gas was always expensive, I only buy it when there isn't other alternative stations available with cheaper gas (except CITGO)!
 
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Market Update

10:30 am

"Of a few primary commodities, oil sports the best gain. The energy component was up roughly 0.5% ahead of the weekly inventory report, which showed a draw of 2 million barrels when a draw of 1 million barrels had been expected. Oil prices haven't shown much reaction to the data."
http://finance.yahoo.com/marketupdate/overview?u
 
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