On Tue, Jul 22, 2008 at 7:28 AM, Denys Beauchemin <[log in to unmask]> wrote:
> I have done some further research and it seems that the congressional
> moratorium on offshore drilling off the coast of California expires this
> September 30th.  Also, because the oil platforms are already there on site,
> it would seem that oil could flow from there within a year.  This could have
> a major near-term effect on oil prices.

How much production are people thinking would come out of that patch
in the near future? Surely it can't be more than 1-2% of world
production. I don't think you'll see anybody in the oil pricing
business react to something so minor.

>--
"If hard work were such a wonderful thing, you'd think rich people
would have kept it all for themselves" - Lane Kirkland

* To join/leave the list, search archives, change list settings, *
* etc., please visit http://raven.utc.edu/archives/hp3000-l.html *