Wednesday, July 30, 2008

It's A Zero Sum Game

I just came across an interesting thread on some kind of strange Google blog that talks about the Democrat's anti-oil position. One commenter says this about oil drilling (edited slightly for typos and clarity)

The 10 year timeframe that everyone keeps repeating is not a very realistic one. It takes less than a year to construct and get a standard land based 20,000 foot drilling platform producing oil. Offshore jack up rigs can take two to three years and a semi up to 4. The ten year figure got started because that is the estimimate by some so called experts for drilling in ANWR and establishing the infrastructure needed to support it. Mostly due to the fact that the heavy equipment needed to excavate the site can only operate on the tundra during the winter months. Once they have found the right spots and oil starts flowing the permanent platforms and roads would then be constructed.

The no drilling folks have simply adopted the ten year number across the board regardless of where. And they have modified it from "it could take up to 10 years" to "It's just going to take 10 years". as it suits their agenda better.

The Discovery channel had a short series this spring entitled "Oil Strike". It followed several different Wildcatters in their quest for oil. In one episode there were a couple of crews that were each given 10 days to construct a well drill and strike oil. One of them did just that. They won a bet with one of the other crews as a result.

It is extremely unlikely that it will take another 10 years to start pumping oil from that well.

How long it would take is determined more by how many dry holes get drilled before finding oil than it is by the more simple logistics of transportation and delivery.
I never knew that. You learn something every day.

Then another commenter said that drilling for oil is a zero sum game. I hope he is right because if it is and we start drilling we will get the sums and the Saudis will get the zeros.

Cross Posted at Classical Values

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