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The US will not start drilling offshore anytime soon. The democrats in congress will not allow it.
They are living in the stone age. Our whole country needs cheaper fuel to keep going without a deep recession. There will be a day when they will have to pass it. McCain is on the right track but Obama is still scratching his head. Barb
The problem is that there simply aren't enough rigs as it is. Listen to Matt Simmons, who IMHO knows what he's talking about. He refers to this problem as a practical peak oil dilemma. http://www.cnbc.com/id/15840232?video=756480032&play=1It seems to me that a smart investment would be in the companies that actually construct the rigs, like GIFI. I welcome your thoughts.