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Comments on: The Return Of Oilman https://whynow.dumka.us/2009/04/22/the-return-of-oilman/ On-line Opinion Magazine...OK, it's a blog Thu, 23 Apr 2009 21:27:12 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2009/04/22/the-return-of-oilman/comment-page-1/#comment-44415 Thu, 23 Apr 2009 21:27:12 +0000 http://whynow.dumka.us/?p=8734#comment-44415 We have natural gas off the coast. We know this because we are already tapping the reserves on dry land. We don’t actually have anything that looks like oil in the formations off the coast, that is to the West.

It will be years before anything will be done, but if you sell them the leases, someone will eventually use them.

The coast is already over-built, and putting in platforms is not going to endear the state to the owners of those properties.

Finally, with the way the polar ice caps are melting, what is today within Florida’s control, will soon be Federal as the sea level rises, so why bother screwing around with the state?

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By: Badtux https://whynow.dumka.us/2009/04/22/the-return-of-oilman/comment-page-1/#comment-44412 Thu, 23 Apr 2009 20:33:35 +0000 http://whynow.dumka.us/?p=8734#comment-44412 Color this penguin puzzled. One problem Louisiana has with the oil and gas industry is that the state gets nothing (nada, zip) from any oil exploration beyond the 3 mile line, yet has all the environmental impact from that exploration.

Ah, a Google search resolves that problem. Somehow West Florida’s limit is 10 miles due to the details of the treaty that brought West Florida into the United States. Huh.

As I’ve previously pointed out, 95% of the land and sea area of the United States has been explored and exploited. That’s 95% of the potential oil has already been exploited. It took us 95 years to use up all that oil in that 95%. So the remaining 5% contains, at most, 5 years of oil for the USA (probably less since we’re using oil faster than ever now). Frankly, given the costs, I wouldn’t consider this a particularly useful thing to do (more offshore drilling, that is). But then, I’m a sane and sensible bird with a nice almond-sized bird brain, as vs. a pea-brain like the antediluvian dinosaurs of the Florida legislature…

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