BP
Posted at 10:00pm on Jun. 25, 2008 Who Are the True Visionaries – Capitalist Oilmen, or Politicians?
By Vladimir
Thunder Horse platform finally pumping after three-year delay
When the structure 150 miles southeast of New Orleans reaches its full daily capacity of 250,000 barrels of oil and 200 million cubic feet of natural gas, Thunder Horse will be the biggest producer in the Gulf.
…When running at full tilt, Thunder Horse alone will increase overall U.S. oil and gas production by 3.6 percent. Add BP's Atlantis platform that started up last year, and the boost grows to 6.4 percent.
Analysts have said that is likely the biggest production increase from just two locations that the U.S. has seen in a decade.
Thunder Horse (and other developments like it) might never have been, had the owners succumbed to the defeatist thinking so common among Democratic and weak-kneed Republican politicians these days:
“What’s the use? Its reserves are only xx months of U.S. consumption.”
“It can’t help our energy picture for 10 years.”
“It will only contribute to Global Warming.”
“What we really need are higher CAFÉ standards.”
“It will spoil the view.”
“Let them drill the leases they already own.”
Or President Clinton’s classically shortsighted excuse for failing to approve ANWR exploration in 1995: “Oil is cheap. We don’t need it now. (Psst, Monica -- you missed a spot.)”
While Congress has been twiddling its thumbs and investigating Roger Clemens’ elbow, BP have been moving ahead with Thunder Horse. (Remember, they’re Brits.)
…more…
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