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It has now become less politically/economically risky to drill deep for oil off the coast of Africa than off the coast of the US:
My dad read about this in a chemical engineering journal and mentioned it, so I googled it - it hasn't gotten much traction in the mainstream news.
http://www.investors.com/NewsAndAnalysis/Article/540265/201007131904/Idled-Gulf-Rigs-Head-For-Africa.aspxWhat does it say about America’s investment climate when the Republic of Congo now attract oil rigs that once drilled the Gulf of Mexico? That’s the effect of the Obama administration’s nonstop bid to halt production here.
As millions were enjoying the World Cup last weekend, powerful engines began churning the waters of the Gulf of Mexico as Diamond Offshore Drilling began pulling its huge floating rig on a 60-day trip to the Republic of Congo...
Diamond Offshore had already moved one of its big floating rigs to the Nile River delta of Egypt a few days earlier, and now another is heading to the Congo. These facilities rent for $510,000 a day — a lot of money to lose as rigs await the Obama administration's "six-month pause" to run its course.
Industry analysts estimate that another five of the 33 rigs that have been directly idled will be leaving the Gulf for places with better business climates.
My dad read about this in a chemical engineering journal and mentioned it, so I googled it - it hasn't gotten much traction in the mainstream news.
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