Article

2017-04-09 Government

Trump Preparing Order to Expand Offshore Oil Drilling

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Posted by Steve White 2017-04-09 00:00|| || Front Page|| [3 views ] Top

#1 This should provide a windfall for the U.S. Treasury.

Posted by Besoeker 2017-04-09 07:01|| 2017-04-09 07:01|| Front Page Top

#2 Putin ordered Trump to increase US oil production because that will keep down the price of oil because a high oil price is good for the Russian economy because... wait a minute, I lost my train of thought -- let me go watch MSNBC for a while.

Posted by Matt 2017-04-09 10:44|| 2017-04-09 10:44|| Front Page Top

#3 Hey, I gave up and offloaded my offshore drilling stock 2 months ago.... How long does this "preparing" take? Lots of those offshore drillers are bankrupt or racing there.

Posted by 3dc 2017-04-09 14:46|| 2017-04-09 14:46|| Front Page Top

#4 http://www.offshoreenergytoday.com/pacific-drilling-three-out-of-seven-drillships-out-of-work/

Posted by 3dc 2017-04-09 14:50|| 2017-04-09 14:50|| Front Page Top

#5 Any arctic drilling would be largely for export to Japan.

Posted by Slineth Grereger4724 2017-04-09 14:51|| 2017-04-09 14:51|| Front Page Top

#6 largely for export to Japan
Have they changed the law? Used to be prohibited, so we brought Alaska oil to CA and then shipped CA oil to Japan.

Posted by Glenmore 2017-04-09 15:05|| 2017-04-09 15:05|| Front Page Top

#7 Alaskan crude was exempted from the US' 1975 crude export ban in 1995.

Posted by Kojo Whenter7701 2017-04-09 16:58|| 2017-04-09 16:58|| Front Page Top

#8 It doesn't matter who buys any given barrel of oil -- more oil on the market lowers the price for everybody.

Posted by Rob Crawford 2017-04-09 21:52|| 2017-04-09 21:52|| Front Page Top

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