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Dearth of deep-sea drilling ships hinders exploration.
As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply.
Mr. Bush called on Congress Wednesday to end a longstanding federal ban on offshore drilling and open the Arctic National Wildlife Refuge for oil exploration, arguing that the steps were needed to lower gasoline prices and bolster national security.
Most new orders for drill-ships have gone to Asian shipyards. Companies in Singapore and China have benefited, but South Korea’s big three shipbuilders — Samsung Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Hyundai Heavy Industries — have gotten the bulk of orders for the most complex and expensive types of vessels.
Originally posted by OnTheFelt
reply to post by Submarines
Listen, if you don't understand the complexities of this, than I'm sorry and I cannot help you. Also, please don't compare me to that bit$# Pelosi, as my contention has nothing to do with her fake ass global warming and environmental premises.
These are facts:
1. Off shore drilling is only a temporary solution to a permanent long term problem. Remember we are dealing with a finite resource here. In case you didn't know it's almost up.
2. The refineries that would have to be built would use up a god awful amount of money, infrastructure and most of all, MORE OIL!!!!
3. What you need to realize is that the paradigm that we are in...aka industrial revolution (creation of oil) is ending. We can keep putting band-aids on this, but eventually it's going to fall off and then what? We used up what little remaining infrastructure and resources for offshore drilling which in the end won't amount to S-H-I-T.
[edit on 10-2-2010 by OnTheFelt]