Friday, August 15, 2008

Drilling Down Past the Myths

UPDATE: below

Kudos to the Washington Post editorial page for debunking three liberal lies about offshore drilling:
The Natural Resources Defense Council Action Fund has taken out full-page ads in this newspaper and others to decry offshore drilling for oil as "George W. Bush's Gasoline Price Elixir" that is "100% Snake Oil." The environmental group calls on supporters "to stop the giveaway of our coasts." . . .
  • Drilling is pointless because the United States has only 3 percent of the world's oil reserves. This is a misleading because it refers only to known oil reserves. . . By 2006, after major advances in seismic technology and deepwater drilling techniques, the MMS resource estimate for that area had ballooned to 45 billion barrels. In short, there could be much more oil under the sea than previously known.

  • The oil companies aren't using the leases they already have. According to the MMS, there were 7,457 active leases as of June 8. Of those, only 1,877 were classified as "producing." As we pointed out in a previous editorial, the five leases that have made up the Shell Perdido project off Galveston since 1996 are not classified as producing. Only when it starts pumping the equivalent of an estimated 130,000 barrels of oil a day at the end of the decade will it be deemed "active." . . . The notion that oil companies are just sitting on oil leases is a myth. With oil prices still above $100 a barrel, that charge never made sense.

  • Drilling is environmentally dangerous. . .According to the MMS, between 1993 and 2007, there were 651 spills of all sizes at OCS facilities (in federal waters three miles or more offshore) that released 47,800 barrels of oil. With 7.5 billion barrels of oil produced in that time, that equates to 1 barrel of oil spilled per 156,900 barrels produced. That's not to minimize the danger. But no form of energy is perfect or without trade-offs.

The GOP fact checks Speaker Pelosi's claims on gas prices.

(via Wolf Howling, reader OBH)


OBloodyHell said...


> With oil prices still above $100 a barrel, that charge never made sense.



Weeeee don' neeeed no steeeenkin' Logic!!!!!


OBloodyHell said...

Emphasis mine:
> there were 651 spills of all sizes at OCS facilities

Those two words set up red flags.

Is there a minumum size? Are we explicitly talking crude oil being drawn out?

Someone spills a 1-gallon container of vegetable oil, in the kitchen, used to fry fish for the crew, does that consititute a set member of "oil spills of all sizes"?

Not saying such is included, but I want to know just how many of those were of any note at all -- to say nothing of a whole barrel of actual crude oil.

The secret word for today is Context.

Actually, among liberals, that's the secret word everyday. It's outside their vocabulary 366/24