First deep water rig leaves gulf...headed to Egypt

[ChumpDumper]

So these drilling rigs aren't even producing?

Wow.

It's even less bad in that case.

Surely you know how much of a decrease this will cause in the worldwide production of oil.

Tell us.

Tell us all Wild Cobra.

How much will this affect the price of a gallon of gas?

[Wild Cobra]

LOL...
Stuck on stupid I see repeating a stupid question.

No new drilling means no future oil production and jobs, as the other wells dry up.

The article spoke of 100 people on a platform at any given time. If they work 24/7, that means each rig employs about 400 people or so, or at least that amount of revenue to the region.

What was it? 7 drilling platforms? That 2,800 very good paying jobs.

[Wild Cobra]

Tell us all Wild Cobra.

How much will this affect the price of a gallon of gas?

Why thank-you for assuming I know the costs. Sorry, I wouldn't' be able to give an accurate range.

[ChumpDumper]

LOL...
Stuck on stupid I see repeating a stupid question.

No new drilling means no future oil production and jobs, as the other wells dry up.

Please tell me how many sites are still able to be drilled in the Gulf not in deep water.

I'm waiting.

[ChumpDumper]

Why thank-you for assuming I know the costs. Sorry, I wouldn't' be able to give an accurate range.

So no oil is being taken out of production.

Thanks.

[Wild Cobra]

Please tell me how many sites are still able to be drilled in the Gulf not in deep water.

I'm waiting.

Go yourself with such questions. I have no time to bother with silly questions, especially now. As we use up the nearby reserves, we must go farther out. Such numbers simply don't matter. It's the principle.

This is my last posting for the evening. Time to get ready. Have to leave for work in 15 minutes.

[ChumpDumper]

Go yourself with such questions.

U mad?

I have no time to bother with silly questions, especially now. As we use up the nearby reserves, we must go farther out.

Are they all used up? Link.

Such numbers simply don't matter. It's the principle.

Oh, so oil and jobs really don't matter to you -- you were just making up.

It's the principle that matters to you.

This is my last posting for the evening. Time to get ready. Have to leave for work in 15 minutes.

Don't care.

[admiralsnackbar]

I don't understand why this is going to affect "tens or hundreds of thousands of jobs"

The rigs are operated by employees of the international corps that run them, not the host countries they drill in or near. Unless I'm mistaken, the talent pool from which corporations hire is still largely here in the US, as are the best/cheapest refinement options, meaning most oil will end up back in the US eventually.

Ecuadorean wells, for example, were operated by Americans until their contracts ran out, and Alaskan rigs aren't operated by Russian employees who would be 10 times cheaper than the Americans who do run them.

Maybe you're making the argument that the market that provides services for rig employees may falter, but I have a hard time believing rig operators are going to up-root their families to the Middle East over a controversy that will be forgotten in a year, which means their families should keep the majority of the economies they influence unaffected.

[RandomGuy]

I don't understand why this is going to affect "tens or hundreds of thousands of jobs"

The rigs are operated by employees of the international corps that run them, not the host countries they drill in or near. Unless I'm mistaken, the talent pool from which corporations hire is still largely here in the US, as are the best/cheapest refinement options, meaning most oil will end up back in the US eventually.

Ecuadorean wells, for example, were operated by Americans until their contracts ran out, and Alaskan rigs aren't operated by Russian employees who would be 10 times cheaper than the Americans who do run them.

Maybe you're making the argument that the market that provides services for rig employees may falter, but I have a hard time believing rig operators are going to up-root their families to the Middle East over a controversy that will be forgotten in a year, which means their families should keep the majority of the economies they influence unaffected.

The jobs loss figure is essentially scaremongering with little underlying basis.

That WC or any other "conservative" who has bizarrely taken up the cause of oil production can't really define how such a move will affect oil production or the price of gasoline is telling.

As time passes, even with completely unrestricted drilling, the proportion of global oil production represented by US production will fall.

That is a statistical and mathmatical inevitability.

I find it funny how people who supposedly champion the free market can suddenly not understand how free oil markets work when it comes to oil and gas prices.