Graph of the Day
Randall Hoven
American Thinker
May 30, 2010
“Here’s my question: Why are we drilling in 5,000 feet of water in the first place? Many reasons, but this one goes unmentioned: Environmental chic has driven us out there. As production from the shallower Gulf of Mexico wells declines, we go deep (1,000 feet and more) and ultra deep (5,000 feet and more), in part because environmentalists have succeeded in rendering the Pacific and nearly all the Atlantic coast off-limits to oil production.” Charles Krauthammer, May 27, 2010.
Graphics, charts, and production figures from this article can be viewed at the American Thinker.
