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Permian Basin Royalty Trust Message Board

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  • elle_cid99 elle_cid99 May 5, 2011 4:38 PM Flag

    Obama Clears the Way For America's 2 Largest Oil Wells to be Shutdown in Texas

    Nothing will be the same. Can't you see what is happening to the country?

    Take a look at what happened to rice farming in South Carolina during the Civil War years. The rice industry never recovered--not even today.

    Oil rigs are leaving the U.S. Gulf of Mexico to drill for other countries. Those rigs won't be easy to get back. Nor will it be easy to get the majors to drill in U.S. waters again.

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    • I'm betting in 5 years - the Permian Basin is doing just fine - with the lizards still around.

    • "Nor will it be easy to get the majors to drill in U.S. waters again."
      Are you right-wingers just dumb or uninformed, or do you have a disease that forces you to constantly lie?
      Exxon Mobil Corp. announced last week that it had made two major oil discoveries and one natural gas find in the Gulf of Mexico.
      The company estimates that the new wells could produce about 700 million barrels of oil equivalent.
      Is Exxon a major? It doesn't have to come hasn't left the Gulf.
      As for the oil rigs, I predict they will go wherever they are hired. That's the way it's always worked before.

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