CRUDE AWAKENING: What is the future of gulf coast drilling 1?

Good morning,

Gulf Coast drilling will be a nail – biter!   Deep water drilling is back but sluggish.

As I’ve said earlier in one of my blogs..the oil business is one of the most heavily regulated businesses in the world even before the Macondo oil spill.  Now with stricter regulations, will some of our oil companies look to drill abroad?  What’s wrong with this picture folks when we have a lot of off shore oil and we could keep it within the US??

-Oil companies in Louisiana have been hit so hard with regulations that they are on a wait and see as to whether they can continue operating.

-With the US Governments reshuffling of the regulatory regimen, they’re worry is that the stricter drilling rules will be worse than the moratorium, creating such a financial burden that oil firms will not commit to long-term projects in the deep-water gulf.  Think about this.  If we want to become oil independent you tell me how we’re supposed to go about it?

Folks outside the US are not fools…and I’ll tell you why in the next blog.

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About bettybyrd

Betty Byrd is an editor, author, and actress. She graduated from the University of Arizona with a degree in creative writing, and furthered her literary career through graduate studies at Ohio State University. She was an editor for The Spectator, Ohio’s largest weekly newspaper, and has free – lanced for a national men’s magazine. Betty has appeared in film and television, as well as numerous commercials and mini-series. She is a voting member of the American Federation of Television Artists and also of the Screen Actors Guild. In 2002-2003 Betty was accepted into the Who’s Who of America and in 2007-2008, the Who’s Who of American Women. Her previous literary works include a novel, Trinity’s Daughter, for which she was honored as a local author by the San Diego Public Library. She is also a recipient of a first place fiction writing award for her new novel, Utopia, Texas at the prestigious Santa Barbara Writer’s Conference. Betty has had successful book-signings across the country to large crowds at local Barnes and Nobles and other bookstores. She has been featured in newspapers, and appeared on NBC – TV, and radio talk shows. Betty currently lives in Southern California with her husband and family.
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