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Reply #57: there is a world wide shortage of deep water drilling equipment [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-03-08 07:35 AM
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57. there is a world wide shortage of deep water drilling equipment
for any oil to be pumped from deep water fields over 50 miles off shore is years away from ever going into production.
it`s a wonderful election sound bite for both sides but the reality is it`s not going to happen for years.

remember there are millions of acres that the oil companies still hold leases on in the usa that for some reason they refuse to say if there is any oil under the ground.
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