Page 13 - Drilling Technology News Today

Maybe there was a little bit of arrogance on our parts not to think we would face this. >> she suggested that there was some arrogance on everyones part, not thinking that some day we might be facing this. would you agree with her? >> you know, john, lisa is a great part of our team and she is working very hard in the gulf right now to make sure that the problem is being dealt with and people are being cared for there have been 36,000 wells that have been drilled in the gulf of mexico. this prob...

Rig that caught fire and sunk, one of the most technologically advanced in the world, if not the most advanced deep water rig in the world. >> right. >> but even as drilling technology has advanced so we can do it in places we couldnt do it before, it doesnt seem like we bothered to make sure we knew how to clean up in these places if we needed to. am i being naive to think that the regulatory process, the approval process should link those two things? that you shouldnt be approved to drill deep...

To minimize it. >> let me ask you about one specific thing about this that bothers me. the deep water horizon rig, this rig that caught fire and sunk, one of the most technologically advanced in the world, if not the most advanced deep water rig in the world. >> right. >> but even as drilling technology has advanced so we can do it in places we couldnt do it before, it doesnt seem like we bothered to make sure we knew how to clean up in these places if we needed to. am i being naive to think tha...

The well head can be shut down. thats why we make efforts to shut that well, so we can stop the flow of oil from that well head, or at least reduce the amount of flow, so every effort is being made to focus on that, as well as continue the oil removal operations on the surface. >> commander, i will say as a opinion who doesnt know very much about this technology, what im worried about is that weve allowed the technology for drilling in very deep water to get ahead of the technology for zealing w...

Shut down? >> we are optimistic the well head can be shut down that is why we continue to make efforts to shut that well in so we can stop the flow of oil from the well head or at least reduce the amount of flow, so far effort is being made to focus on that as well as top the oil removal operations on the surface. >> commander, i will say as a person who doesnt know very much about this technology, what im worried about is we have allowed the technology for drilling in very deep water to get ahe...

You look at england and england is virtually independent because theyve been drilling in the north sea. i think thats a good thing. we need to be drilling there. we need to be drilling in anwar. we need to be drilling around the country and encouraging our own energy protection. >> lets get to the op-eds. im taking it from the los angeles times. oil drilling, a nasty national habit, he calls it. he says this, tina, if the arguments you hear in the coming days for expanded drilling sounds familia...

15 .5. for the week, the dow fell $3 3% points. >> good evening, bret, that plunge in oil prices has really taken many in the market by surprise. but the fact of the matter is there is a global glut of oil, just a few months ago, oil was just a few bucks a barrel, but the decline has been unprecedented, now at a five-year low. we are producing more oil than ever before, thanks to fracking and new drilling technology. in the face of all this, you would expect opec to put a floor under the pricing...

To tampa to compete. we need at a time of great solutions require substance, and substance requires actually knowing something. its a very important part of this. unfortunately, virtually everything president obama knows is wrong. ronald reagan used to say, it isnt what they dont know thats so frightening, its what they know thats wrong. and hes right. heres a case study. we were told by the u.s. geological survey in the 1990s that there was about 150 million barrels of recoverable oil in north ...

Us were about to run out were going to decay, we have no future, new drilling technology came along. and were now told that in fact as of this last week, they believe there are 24 billion barrels of recoverable oil in north dakota alone. now... that made me feel like i had to change my speech because up until last week i had been saying there was 25 times as much oil as they thought. now, it turns out current estimate is that there are 160 times, 16,000% more oil in north dakota than they though...

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