scfranklin94

Will Drilling Offshore Affect World Oil Prices?

Menzie, of all of the OCS that is closed to drilling the eastern Gulf of Mexico could easily be auctioned off by the MMS before 2012. As for the time it would take to bring such production onshore, it would be a hell of lot less than 10 years for everything that isn't in super deep water. Certainly difficult-to-drill locations in the Atlantic and Pacific would take a long time to bring online, but the eastern gulf would be relatively easy.