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BP Makes Big Oil Discovery In Gulf Of Mexico
From the AP:
BP PLC said Wednesday that it had made a "giant" oil discovery in the Gulf of Mexico but had not yet determined the size and commercial potential of the find.
The well, in Keathley Canyon block 102 about 250 miles (400 kms) southeast of Houston, is in 4,132 feet (1,259 meters) of water, the company said.
The Tiber well was drilled to a total depth of 35,055 feet (10,685 meters), making it one of the deepest wells ever drilled by the oil and gas industry, BP said.
I happen to live in Houston, and unlike the fools in California we like our drilling. Since we provide most of the country with energy, I think we should cut California off until they pull their weight. There are billions of barrels of oil off the coast of California, but eco-extremists and global warming nuts are keeping it from being drilled.
Gasoline Prices – Countdown To Rip-Off
Calendars have all the official seasons and days conveniently pre-printed. No calendar has, or even attempts, to have them all. For instance, you have to write in your boss’s day off.
Only very special calendars have “driving season” indicated. It’s our oil producer’s favorite holiday- and it’s on the way. The clock is already ticking.
For them, “the driving season” is a cherished ritual. Are you ready?
Last year they ran the price up above one hundred and forty dollars a barrel. That was a new record. Although they run this scam every summer, 2008 exceeded their wildest hopes. Prior to our “sky is falling” episode last September, it was the number one topic; some even had the temerity to suggest that it could cause a recession. Imagine!
Now that we have a real recession, will they have the nerve to run the racket again, even though demand is clearly down? Despite the obvious oil glut, will interests still find a way to jack us up again?
Well, that’s not really a serious question, is it? They’re certainly going to try. These are very bright boys and girls; and they’ve got the eggs. Who knows, maybe this year they will convince us that higher prices are good for us! Perhaps an “oil rescue” plan?
While it’s less than a year since oil prices had us by the short hairs, very little notice has been taken by official punditry of the fact that the price of a barrel has increased from around thirty five dollars to fifty dollars in the last several weeks. While all the media hasten to remind us of how much better off we are than last year, independent thinkers must wonder what market forces are at work to raise prices in the face of declining demand.
OPEC is ready. As with other producers, they have begun to manipulate supply. Hugo Chavez is hopeful; and Amadinejad is wearing a hole though his prayer rug. In the various financial towers that grace this great land, the “Wall Street” types are at it again with schemes of buying and storing oil until this artificial withdrawal causes the price to rise. Already, so much oil has been diverted that the planet is running out of places and tankers to stash the stuff. They’re all puffing as hard as they can to inflate the “summer bubble”.
We can predict with confidence that, once again, in broad daylight, the theft of trillions of dollars will be attempted this year. Must we also expect the canned banal response from both the mainstream media and the blogosphere that we usually get? That is, the dreary after-the-fact and impotent post-mortems?
In a way, it does take your breath away. You have to admire the spectacular nerve it’s going to take this year, in the face of the suffering caused by the crash, to squeeze us again.
Maybe, like good little chumps, we should just sit back, relax, and have a good time? You’ve probably heard that old joke? Don’t drop the soap at the pump? We’re such good people. Maybe we could make a game of it, or a lottery?
The average “Joes” from “Main Street” could try to guess how high the price will go this year. Two seventy-five? Three dollars? Three seventy five? Four forty? Five sixty eight? Good clean fun; a diversion, a game to keep our minds off our emptying pockets. Something like an election.
Yet, it doesn’t have to be that way again. This is the perfect opportunity for an independent-minded alternative press to earn the respect and gratitude of the public. For, this is the ideal issue: Everyone will benefit from the effort. Democrats and Republicans, Conservatives and Liberals, every color, every religion, every creed, and every individual will stand up and applaud if somebody finally comes to the rescue.
Will this be the year that we stop them before they get over? Dead in their tracks- the first ever populist pre-emptive strike? Like a war that doesn’t start, sometimes the best story is the story that doesn’t happen.
This year, we can either spend the summer wringing our hands and protesting the hardships at the pump, or we can be the story, and stop this crime before it occurs.
There has to come a time when our efforts show effect.
The time is now.
-Richard Hirschhorn
