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Posts Tagged ‘oil prices’

Oil and petroleum resources
Saturday, April 24, 2010@ 1:46 AM
Author: admin

Oil and petroleum are the most expensive natural resources, which are depleting fast. There is a huge focus on creating a greater amount of oil and petrol independence in the country, and also to protect the environment. Obama’s plans are for a new focus on energy, and to begin drilling around the Atlantic Ocean near the south of Delaware, on the west coast of Florida, as well as in the Gulf of Mexico. There is a huge need for energy, and also a need to shift focus to traditional sources of energy, such as solar energy, to conserve our non-renewable resources.

The idea to drill off the Atlantic has been applauded by many industrial barons, and they are supporting this huge move, as a good bid towards adding production to the oil and petroleum industry, while also helping with the economy recovering and giving it a huge boost in the right direction. Drilling the coasts however, is not going to reduce the cost of gas or petrol; and with rising oil prices, this is a damping statement.

Offshore oil and gas production is quite a challenge to any government, and also a huge investment in terms of the economy and financial resources available, as well as in giving some great returns on it. There may be drilling platforms set up at a height of say 200 meters or more, or a platform for drilling may be done along with a mooring system, to keep them fixed on location.  Many drilling operations are done where sand is separated from the sea, by pumping it onshore and having installations done. There is a lot being done to bring professional personnel into managing and moving people, as well as equipment, in the most economical way possible, and to get as many sources as possible, to get floor space and sets done up for offshore rigs, all over certain key areas of the United States.

There are also environmental risks associated with oil spills, which have many environmentalists opposing the move. However, the economical implication still gives a huge push forward, to making a move in the right direction, to locate oil, petroleum and natural gas resources.  Offshore drilling and installing the necessary equipment and resources are also challenging in terms of having to conquer the elements and to be in a position to overcome various difficulties, while running a large facility of mining and production of oil resources.

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