ST Alpha - "I think it's a) a bone to throw to those who think it'll lower energy prices significantly and b) a bit of a make work project" (Reading a Post)

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In response to "low energy prices aren't the main goal here, I think." by znufrii

I think it's a) a bone to throw to those who think it'll lower energy prices significantly and b) a bit of a make work project

Posted by Reagen (aka Reagen) Mar 31 '10, 10:39

though it'll be years before any of this actually ends up in producing anything. There are no offshore rigs available, and it's years to prove an oilfield.

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I'm just happy they're using a competetive bidding process instead of giving oil leases away for hookers and crack -- nm - znufrii Mar 31, 10:45 1
- and I found this interesting re: where oil prices are hanging out at the moment... -- (link) - znufrii Mar 31, 10:47

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I think it's a) a bone to throw to those who think it'll lower energy prices significantly and b) a bit of a make work project

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