lunarhiro2002
Member
With renewed interest in the subject thanks to our current oil prices, I thought it might be nice to have some thoughts go round on the subject.
Basically:
Should we, or should we not, begin construction of new and more efficient oil rigs off the coast of the USA?
Personally, I don't think we should. And here is why, I don't buy this hogwash on the price of oil. It's super inflated for no other reason than a couple of years ago some think tanks decide to tell the world that we had reached peak oil. That combined with the current instability of the Middle Eastern region has lead to the a ridiculous increase in oil price.
Environmental reasons aside building new rigs wouldn't do anything for the price of oil. Supply is meeting its demand, there are no shortages.
What we really need are new refineries and new ways to refine fuel into more efficient consumption.
In short, no rigs, yes refineries.
Basically:
Should we, or should we not, begin construction of new and more efficient oil rigs off the coast of the USA?
Personally, I don't think we should. And here is why, I don't buy this hogwash on the price of oil. It's super inflated for no other reason than a couple of years ago some think tanks decide to tell the world that we had reached peak oil. That combined with the current instability of the Middle Eastern region has lead to the a ridiculous increase in oil price.
Environmental reasons aside building new rigs wouldn't do anything for the price of oil. Supply is meeting its demand, there are no shortages.
What we really need are new refineries and new ways to refine fuel into more efficient consumption.
In short, no rigs, yes refineries.