Turnipseed

Winter's Coming for the Boomers: Part 2

Nope, not a blatant lie. Here's the sequence for oil/gas production. Identify target - acquire target (usually by leasing) - collect and analysis additional geophysical data - select drill site - spud and complete well - build pipeline to connect to existing infrastructure. Of course there is all sorts of permitting that has to be approved along the way. Ten years is a pretty good general estimate.


On Jul 13 01:03 PM Socialism cannot compete! wrote:

> Blatant lie. Last year, during the $140/barrel oil "pricing crisis",
> Transocean's CEO testified to Congress that most new deepwater sites
> could begin production within 1-2 years, with the hardest-to-reach
> at a max of 5 years. Quit perpetuating the lies about time-to-production
> for deep-water drilling!!