Offshore Drilling Part 2

Some times I think I should have tittled this blog "Thinking out loud", lol.
While looking on the website of the State of Florida, for information as to why Charlie Crist, the governor changed his mind about offshore drilling, I came upon a document tittled
OFFSHORE DRILLING: A REVIEW OF THE FEDERAL PROCESS
It is an interim report by the Sate Senate, dated November 2006. Much of the report is quite "dry", but there is a part which made me think we are being lied to by the people in D.C. and the news media.

The news media has reported that it would be ten years before offshore drilling would produce. Not true.


On September 5, 2006, Chevron and its partners,
Devon and Statoil, announced the discovery of a huge
reserve of oil and natural gas in the Gulf of Mexico in
the Walker Ridge Area which is about 270 miles
southwest of New Orleans and 175 miles off the coast
of Louisiana. The discovery, however, is very deep.
Chevron had indicated that it drilled to a total depth of
28,175 feet in waters that are 7,000 feet deep.
It is estimated that this discovery could increase the
U.S. reserves of oil by as much as 50 percent. Chevron
estimated that the 300-square-mile region where its test
well sits could hold between 3 and 15 billion barrels of
oil and natural gas liquids.26 However, these amounts
are speculative and the area would not come on line for
at least 4 to 7 years. Production would probably not
start until 2010 at the earliest with full production not
until 2013 at the earliest.


www.energybulletin.net/20140.html


Production could start in 2010, two years from now and produce as early as 2013.

So, I stand corrected.

So here I am "STUCK IN THE MIDDLE WITH YOU".