Liberal Reflections

an Oredigger Blog

Drillers Get Screwed

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Domestic drilling seems to be on a lot of people’s minds right now, what with the rising gas prices (they will go back up). Many people seem to think that domestic drilling, whether responsible or not, will fix the US economy and lead us all to economic prosperity again.

Let’s go back a bit. Shooting seismic on land takes anywhere from six months to a year, possibly more depending on how remote the location is. Oceanic seismic can take around 8 months. Then, you have to get the data processed, and if you want it done right, that can take another two to six months. Next, you have to drill for the oil and get production going, another long job, because you have to build the rig and production platform, and finally, you have to transport the oil to market.

That means a turnover time of about two to three years before you would see any benefit from domestic drilling. Then, after all the oil has been produced (there are not any massive reserves left), you’re still left with the problem of shifting over to a more renewable form of energy. Domestic drilling is not a solution to energy problems.

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Written by Zach Boerner

September 19th, 2008 at 1:14 pm

Posted in General

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