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Oil companies return to the Gulf of Mexico

The Christian Science Monitor -- Following the infamous BP oil spill in the Gulf of Mexico back in 2010, all deepwater drilling in the area was shut down, and the whole sector was sent into chaos. However now, according to GlobalData, drilling in the US Gulf of Mexico is starting to grow again, and may soon reach the levels that it was at before the spill.

The study performed by GlobalData suggests that despite the increased restrictions placed upon oil companies working in the Gulf of Mexico, and the high risks and costs involved in deep-water drilling, companies are increasing operations in the area due to the high oil prices.

In the first quarter of 2012 the US government issued 44 drilling permits for the area, compared to just 74 and 79 for the whole of 2010 and 2011 respectively.

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Submitted Sep 23, 2012 By: NOTSOGRN

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mackconsult Champion Author Portland Posts:5,309 Points:864,355 Joined:Jan 2009	Message Posted: Sep 24, 2012 10:58:24 AM Ignore mackconsult Report Abuse Yep there they go
pulpwood Champion Author Mississippi Posts:7,379 Points:1,859,605 Joined:Sep 2006	Message Posted: Sep 24, 2012 8:39:19 AM Ignore pulpwood Report Abuse BP is still cleaning their oil of our beaches daily.
7SPEEDY7 Champion Author Flint Posts:1,296 Points:607,400 Joined:May 2011	Message Posted: Sep 24, 2012 6:00:40 AM Ignore 7SPEEDY7 Report Abuse Good!
KrsnaDragon Champion Author Montreal Posts:2,417 Points:532,500 Joined:Nov 2011	Message Posted: Sep 24, 2012 4:22:30 AM Ignore KrsnaDragon Report Abuse Will BP be more careful this time around..?
12766 Champion Author New York Posts:2,453 Points:1,485,365 Joined:Oct 2008	Message Posted: Sep 24, 2012 1:34:00 AM Ignore 12766 Report Abuse OK
hubcapLA Champion Author Louisiana Posts:3,905 Points:940,435 Joined:Apr 2009	Message Posted: Sep 24, 2012 1:22:14 AM Ignore hubcapLA Report Abuse Obozo is just tying to get votes.
SteelPenny Champion Author Dallas Posts:30,977 Points:2,608,465 Joined:Sep 2005	Message Posted: Sep 24, 2012 1:14:32 AM Ignore SteelPenny Report Abuse All they'll gert to do is look at the water 'til Zero'BOY is send packing in November. Remember to VOTE. Another 4 years of him and the country will be ruined.
unicornpmb Champion Author Buffalo Posts:8,496 Points:1,630,490 Joined:Sep 2005	Message Posted: Sep 24, 2012 1:13:52 AM Ignore unicornpmb Report Abuse Welcome back.
NOTSOGRN Champion Author Michigan Posts:2,059 Points:1,512,475 Joined:Dec 2007	Message Posted: Sep 24, 2012 1:08:32 AM Ignore NOTSOGRN Report Abuse . . Once again Mr."0" can be changing D.C. from the out side...well he said he could not do it from the inside... Hey! Hey! good-bye...
NAVYHM All-Star Author Cleveland Posts:761 Points:1,386,455 Joined:May 2008	Message Posted: Sep 24, 2012 1:07:29 AM Ignore NAVYHM Report Abuse GOOD, ADD MORE PLATFORMS & DRILLING RIGS AS LONG AS ALL SAFETY MANDATES ARE IN PLACS 1ST...
Thomtec Champion Author Nashville Posts:2,470 Points:609,895 Joined:May 2011	Message Posted: Sep 24, 2012 1:07:11 AM Ignore Thomtec Report Abuse Great
gmcgas Champion Author Atlanta Posts:5,958 Points:1,715,145 Joined:Mar 2004	Message Posted: Sep 24, 2012 1:06:57 AM Ignore gmcgas Report Abuse too much money to be made not to be back in gulf.
rawdog1313 Champion Author Lexington Posts:3,309 Points:1,644,755 Joined:May 2008	Message Posted: Sep 24, 2012 1:06:35 AM Ignore rawdog1313 Report Abuse Regulate it and Make it Safe and No problem!
BeatOPEC All-Star Author Indianapolis Posts:857 Points:197,030 Joined:Apr 2011	Message Posted: Sep 24, 2012 1:06:26 AM Ignore BeatOPEC Report Abuse Mexico and other countries have already beat us to some of the best sites. Thanks Obama.
DirtDauber Champion Author San Antonio Posts:6,786 Points:1,628,435 Joined:Nov 2005	Message Posted: Sep 24, 2012 1:05:44 AM Ignore DirtDauber Report Abuse Maybe NoBama woke up.
Jeff4U Champion Author Atlanta Posts:8,762 Points:1,854,095 Joined:Nov 2004	Message Posted: Sep 24, 2012 1:03:17 AM Ignore Jeff4U Report Abuse Maybe they return as they expect Obama to soon be retired. Hooray!!!
Dragnet Champion Author Arizona Posts:15,411 Points:2,909,735 Joined:Jul 2004	Message Posted: Sep 24, 2012 1:02:58 AM Ignore Dragnet Report Abuse Use Stop Leak this time
Ron77095 Champion Author Houston Posts:3,065 Points:603,650 Joined:Sep 2011	Message Posted: Sep 24, 2012 1:01:48 AM Ignore Ron77095 Report Abuse ok.
jrsva Champion Author Virginia Posts:9,861 Points:1,614,180 Joined:Jan 2006	Message Posted: Sep 24, 2012 12:55:25 AM Ignore jrsva Report Abuse Bigwaynenef and 10k have been watching too much Fox Noise or some other wingnut source. The US has not given away any islands to the Russians. The islands listed by 10k are close to the coast of Siberia and lie on the Russian side of the line in a maritime boundary agreement, ratified by 86 to 6 in the Senate and signed by President Bush in 1990. Alaska’s senators, the late Ted Stevens and Frank Murkowski, both Republicans, voted in favor of ratification. The US has made not claim. This is a non-issue. More info
g747 Champion Author Mobile Posts:4,546 Points:934,645 Joined:Jul 2009	Message Posted: Sep 24, 2012 12:48:18 AM Ignore g747 Report Abuse Please don't pollute the gulf with another spill!!!!.
silverfoxv65 Champion Author Michigan Posts:4,485 Points:1,231,025 Joined:Sep 2009	Message Posted: Sep 24, 2012 12:48:12 AM Ignore silverfoxv65 Report Abuse Election year!
wang91554 Champion Author San Jose Posts:3,175 Points:1,202,780 Joined:May 2009	Message Posted: Sep 24, 2012 12:47:10 AM Ignore wang91554 Report Abuse did they ever leave?
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: Sep 24, 2012 12:43:21 AM Ignore jkpsr Report Abuse Trust, but verify!
Bubba44612 Champion Author Ohio Posts:7,401 Points:1,878,055 Joined:Aug 2005	Message Posted: Sep 24, 2012 12:43:20 AM Ignore Bubba44612 Report Abuse Good news.
dwh724 Champion Author Pittsburgh Posts:1,541 Points:636,125 Joined:Apr 2011	Message Posted: Sep 24, 2012 12:42:13 AM Ignore dwh724 Report Abuse Okay
Zonk Champion Author Michigan Posts:6,491 Points:2,103,965 Joined:Oct 2005	Message Posted: Sep 24, 2012 12:40:11 AM Ignore Zonk Report Abuse If there is money to be made, they will be drilling.
10k Champion Author North Carolina Posts:21,267 Points:2,255,970 Joined:May 2006	Message Posted: Sep 24, 2012 12:36:49 AM Ignore 10k Report Abuse aviator: you ask-i told..you got a problem with that, or does your nobama mentality have to so evident everytime you comment ??.. why don't you go defend them-at least you will have ice for your drinks.. and btw-read your history book, cause japan DID invade the northwest.. [Edited by: 10k at 9/24/2012 12:38:43 AM EST]
kgbellman Champion Author Ann Arbor Posts:2,719 Points:732,910 Joined:Mar 2011	Message Posted: Sep 24, 2012 12:33:51 AM Ignore kgbellman Report Abuse glad it's increasing as long as it is done safely
1fulltank Champion Author Buffalo Posts:7,908 Points:1,545,285 Joined:Nov 2008	Message Posted: Sep 24, 2012 12:32:27 AM Ignore 1fulltank Report Abuse ...for now.
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Sep 24, 2012 12:31:51 AM Ignore Aviator_Rob Report Abuse Great, @10k, now please tell me which naval fleet we should send to those ice cubes in order to defend them? This is like W.W.II, where the U.S. government sent Marines to the Aleutian Islands because we thought Japan wanted to invade Alaska and the Pacific Northwest.
BobD2009 Champion Author Long Island Posts:6,998 Points:1,241,715 Joined:Apr 2009	Message Posted: Sep 24, 2012 12:31:31 AM Ignore BobD2009 Report Abuse Must be campain season, not a peep from anti oil Obama.
boatfloyd Champion Author Jacksonville Posts:1,728 Points:389,925 Joined:Mar 2012	Message Posted: Sep 24, 2012 12:29:41 AM Ignore boatfloyd Report Abuse It's all about the money
ssect8 Champion Author Hartford Posts:7,999 Points:2,094,495 Joined:Jun 2006	Message Posted: Sep 24, 2012 12:28:16 AM Ignore ssect8 Report Abuse Hopefully this will happen, but OMG (Obama Must Go!)
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Sep 24, 2012 12:26:37 AM Ignore tedjm1 Report Abuse would never leave it alone
10k Champion Author North Carolina Posts:21,267 Points:2,255,970 Joined:May 2006	Message Posted: Sep 24, 2012 12:26:11 AM Ignore 10k Report Abuse aviator: you want names-here are the names: the following Islands which already have been given Russian names: Bennett Island, now Ostrov Bennetta; Wrangel Island, now Ostrov Vrangelya; Hennrietta Island, now Ostrov Genriyetty. Remaining land give away gems are Herald and Copper Islands and Sea Lion Rock and Sea Otter Rocks.
jrsva Champion Author Virginia Posts:9,861 Points:1,614,180 Joined:Jan 2006	Message Posted: Sep 24, 2012 12:25:59 AM Ignore jrsva Report Abuse “After Romney wins Nov 6th, the Keystone pipeline gets built and oil prices drop sharply.” Ummmm, that’s three things that probably will not happen.
langolera Champion Author Akron Posts:1,766 Points:666,955 Joined:Sep 2005	Message Posted: Sep 24, 2012 12:25:06 AM Ignore langolera Report Abuse ok
don10 Champion Author North Carolina Posts:1,533 Points:311,330 Joined:Jun 2012	Message Posted: Sep 24, 2012 12:24:01 AM Ignore don10 Report Abuse ok
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Sep 24, 2012 12:23:22 AM Ignore Aviator_Rob Report Abuse I'd like to know what plans did the oil drillers put in place to prevent another Deepwater Horizon fiasco? And for those clamoring for energy independence, how do you intend to make that happen when Big Oil is very content to export all of that new domestically produced oil out of the country?
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Sep 24, 2012 12:22:43 AM Ignore frostyWV Report Abuse good
jrsva Champion Author Virginia Posts:9,861 Points:1,614,180 Joined:Jan 2006	Message Posted: Sep 24, 2012 12:21:58 AM Ignore jrsva Report Abuse “Great if it reduces prices.” Good luck with that. Deep-water drilling is expensive. Note that the increased activity in the Gulf is “due to the high oil prices.” Drilling for oil under difficult and dangerous conditions is unlikely to lead to lower prices.
NedW Champion Author Indianapolis Posts:5,620 Points:1,143,220 Joined:Mar 2008	Message Posted: Sep 24, 2012 12:19:55 AM Ignore NedW Report Abuse What if all of America's natural resources are collateral on the debt we're in with China?
ramshot412 Champion Author Riverside Posts:20,160 Points:2,467,440 Joined:Apr 2004	Message Posted: Sep 24, 2012 12:19:33 AM Ignore ramshot412 Report Abuse goodie
inspiretl Veteran Author New Jersey Posts:417 Points:165,480 Joined:May 2012	Message Posted: Sep 24, 2012 12:19:19 AM Ignore inspiretl Report Abuse now what about the price of oil?
Aviator_Rob Champion Author New York Posts:3,805 Points:414,615 Joined:Mar 2012	Message Posted: Sep 24, 2012 12:18:46 AM Ignore Aviator_Rob Report Abuse Which islands, @Bigwaynef, and can you name them?
Buffalo Joe Champion Author Alberta Posts:8,601 Points:2,509,850 Joined:Feb 2003	Message Posted: Sep 24, 2012 12:18:31 AM Ignore Buffalo Joe Report Abuse If there is money to be made, oil companies will be in the hunt.
kacansas All-Star Author Twin Cities Posts:765 Points:232,310 Joined:Aug 2005	Message Posted: Sep 24, 2012 12:18:25 AM Ignore kacansas Report Abuse Weird place to get "news" about the oil sector???????????
bobdec Champion Author Miami Posts:8,969 Points:1,770,795 Joined:May 2008	Message Posted: Sep 24, 2012 12:18:16 AM Ignore bobdec Report Abuse Great if it reduces prices
rollercoaster All-Star Author Hartford Posts:502 Points:567,660 Joined:Jul 2008	Message Posted: Sep 24, 2012 12:18:11 AM Ignore rollercoaster Report Abuse good !!!
regout Champion Author Quebec Posts:2,960 Points:833,680 Joined:May 2010	Message Posted: Sep 24, 2012 12:17:54 AM Ignore regout Report Abuse Old news.