<DrumBeat: September 11, 2006 The Oil Drum DrumBeat: September 12, 2006>

138 comments on Jack-2 and the Lower Tertiary of the Deepwater Gulf of Mexico

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roel on September 11, 2006 - 3:06pm Permalink | Subthread | Parent | Comments top
Peak Oil as a political football

The media hype over Jack serves two purposes, and will do both "excellently", as excellently as the quality of Dave and Bubba's research:

1/ Peak Oil bashing. Lots of doubters are back home now. Nothing like giving people a reason to stop worrying

2/ Jack is exactly what is needed to push more offshore drilling forward. Florida's surfers more important than our energy security? Didn't think so.

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DrD on September 13, 2006 - 10:17am Permalink | Subthread | Parent | Comments top
Good points and here are 2 more

  1. This comes on the heels of the Energy Bill and pushes to peel back fees on drilling on public land.

  2. Midterm elections.  It is not unreasonable to suspect the timing of over-hyped discoveries and their causing a drop in oil prices less than 60 days from an election in which the pro-corporate party is in trouble.

It is also interesting that such speculation comes on the back side of the Katrina/Rita storms that battered offshore rigs in the GoF.  The whole thing reminds me of a salted gold prospect in the Rockies being sold to a NY speculator.
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138 comments on Jack-2 and the Lower Tertiary of the Deepwater Gulf of Mexico

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