Chinese drill for oil 25 miles off coast of Florida, page 1
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reply posted on 9-5-2008 @ 05:53 PM by rikriley
reply to post by ZOOMER



Zoomer, this info about the Chinese going to slant drill was not my idea it came from what was told to the American Press.net from the article I posted on the very first post.
www.americanfreepress.net...

If the Chinese are drilling within 25 miles off the coast of Key West I assume they are very close to the U.S. offshore reserves. We are playing second fiddle to the Chinese and they need more and more oil. India, Russia and China combined just surpassed the U.S. in oil consumption. Most people do not realize the U.S. gets most of their oil from Canada and Mexico.

If Chavez cuts the oil supply off from the U.S. we will start an embargo of their goods. The U.S. would probably still be able to buy the Venezuelan oil at a much higher price from a third party. The Chavez government would allied with other South American countries to help circumvent the U.S. lead embargo if it takes place.

This embargo could come about because the Chavez lead government is arming the Columbian leftists and the U.S. more then likely would be supplying the other side. I Look for this to be the next hot spot for a surrogate war between the U.S. and Venezuela. Rik Riley


reply posted on 9-5-2008 @ 06:02 PM by Res Ipsa
NEW YORK (CNNMoney.com) - Plans for foreign oil companies, some from India and China, to drill off the cost of Cuba are prompting calls from lawmakers to ease environmental restrictions that prohibit coastal drilling in most of the U.S., according to a report Tuesday.

At a time of rising soaring gasoline prices caused partly by a lack of supply, legislators are fuming that Cuba is opening up its continental shelf for oil and gas exploration while most of the U.S. continental shelf outside the Gulf of Mexico, which extends 200 miles from shore, has been off limits for drilling since the early 1980s, the New York Times reported.


Firms from China and India will be drilling for oil off the coast of Cuba, but U.S. companies are prohibited from bidding on the contracts, according to a recent report.


Adding insult to injury, the Times said U.S. firms were invited to bid on the Cuban contracts, but were barred by the U.S. government due to the country's longstanding economic embargo of communist Cuba.

"Red China should not be left to drill for oil within spitting distance of our shores without competition from U.S. industries," Sen. Larry Craig, Republican of Idaho, told the Times.

Firms from Canada and Spain will also drill off the Cuban coast, the article said

Craig is introducing a bill to exempt U.S. oil firms from the embargo, much as food and drug firms are, according to the article.

There are also several bills moving through Congress aimed at opening up areas more areas of the U.S. to oil and gas exploration, including coastal waters and Alaska's Arctic National Wildlife Refuge.
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What did I say. half truth at best.



reply posted on 9-5-2008 @ 06:08 PM by rikriley
reply to post by verylowfrequency



Hi verylowfrequency, yes you are correct the environmentalist have gotten to Congress and I am for protecting the environment which we can do and drill at the same time, but we will all continue to pay the high price for Congresses mistakes. You will see a lot of changes in the way Congress thinks on the matter of offshore drilling off the coast of Florida. I do understand there is a distance limit from the shore line of Florida and that distance is less then it use to be.
Rik Riley


reply posted on 9-5-2008 @ 06:18 PM by rikriley
reply to post by Res Ipsa



Hi Res Ipsa, all valid points The United States Of America is the one stopping and hindering the American based oil companies in bidding on the contracts for drilling of the Mother Load of all oil reserves around the world, and at the same time giving the green light to the rest of the world to bid on the massive oil projects. This is what I call absolutely insane.
Rik Riley
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