Your precisely right. the preponderance of finds in the gulf are gas rigs. Oil is there but nothing that would warrant huge expenditures. Plus over the last 40 years a system of pipelines have been build in shallow water to allow for piping oil and gas into shore rather then tanking it.

This is why the more you develop an area the more wells pop up. Your tieing into someone elses infrastructure and not having to develop your own.

My point is that what are oil companies doing with the tax breaks from the Cheney energy bill? If Brazil commie state run oil company is better at deep water and ultra-deep water drilling, sell the existing leases to them and screw Chevron.
This
Wired article talks about the profitable Chevon ultra-deep well.

Why is Brazil also a leader in ultra-deep wells, and not the US? LOL Another state run Brazilian company solves their energy needs while the laizze fair US market lags behind!!!
http://www.mcclatchydc.com/226/story/22225.html

Also, since when has oil sold for $60 – $90 per barrel?

It will cost 120 million per pump platfrom and an additional 1.2 billion in infrastructure. So unless and until the oil is in the 60-90 dollar range in price the deep water drilling is not that profitable. The prices have risen to the point where deep water drilling is feasible and Chevron has proven it.

The desireable leases are not in the Gulf they are east coast and Florida. Until those open up then its hit or miss in OCS drilling.

I have to disagree with you slightly on this issue; the democratic position is that drilling in enviromentally sensitive areas is too dangerous at this time, particularly when there are other options availble for oil and energy.

The Republican position is to hypocritically claim that the only way to address our energy needs is drill in these sensitive areas no matter what the cost to the environment. The reason I call the Republican position hypocritical is that the same oil companies crying to dill in ANWAR or in the Gulf are the same companies holding leases on approx. 68 million of acres governement land that they refuse to drill on.

West Virgina Congressman Nick J. Rahall has introduced legislation that will force these companies to use the land or lose it. By the way the already leased land has the potential to produce an additional 4.8 million barrels of oil and 44.7 billion cubic feet of natural gas each day. This would nearly double total U.S. oil production, and increase natural gas production by 75 percent and cut our oil imports by more than one-third, reducing America's dependency on foreign oil.

You are overestimating the ability of Seantor MccAin and his staff. They have a long, documented history of incompetence and stupidity. Senator McCain has demonstrated many times that he is too lazy to read the briefing books prepared by his staff or even understand them if he did read them.

Instead of doing the idiotic 50 states review of campaign races, it would be better if The Moderate View spent its times reviewing the policy positions of Senator Obama. I wonder how Senator Obama plans on raising real wages and raising taxes during a recession while increasing entitlements and starting a massive regulatory programs for carbon regulations.

These are not gaffes. It's how these “professionals” operate. And it will get worse. But remember, those who are leading a political contest don't need to resort to this stuff. Those in great fear of loss do.

It's none about substance and all about timing.

The Obama Trap.

It shows you how bizarre the children on the Net can be: obscessed with every real or imaginary flaw by McCain while in fact the media are Obama campaigners.

There is no discussion of policy because he changes his positions like quicksand. If we truly start discussing his positions it will become evident that he has no positions. He just has ideas that he is frantically trying to formulate into policy because he never dreamed he would be the candidate and he is too inexperienced to be a president.

Now I know that seems like a lot and is so overwhelming as to seem made up. But if just one of those allegations can be demonstrated by the GOP as true…just one of them…Obama's chances at the Whitehouse are finished without argument.

So we have 1. Obama's alleged crack cocaine habit. 2. his alleged bisexuality. (popular with the left but not the middle) 3. The murders at his church of alleged lovers of his and 4. Obama's alleged connection to same.

This is what is out flying around on the internet and has been for months. 3 of the 4 may be false. What Obama supporters should hope for is that all four of the four are false. Because, if just one of them can be demonstrated as true by the GOP, our party is going to have to forfeit the election this Fall.

I find it odd that virtually every progressive blog has ten stories in a row about McCain with the occassional story about the media is hard on Obama.

What is revealing is how hard the left is working not to discuss Obama's policy positions. Since Senator Obama will be the next president, his policy positions are much more important than anything McCain says. Of course, I am still waiting for any progressive to reconcile an open borders and unlimited immigration position of Senator Obama with his desire to raise pay and lower carbon emissions.

Your defense of McCain is that he's “clueless”???!!?