Drilling for Oil

We must drill for oil, and this is a good career for those interested in learning this high paying trade. The United States has more oil than Saudi Arabia though it isn't as cheap for us to extract. Like Venezuela which has massive reserves of heavy oil that is expensive to extract ( $ 60 a barrel is the break even point) the United States has gargantuan deposits of oil which are in shale formations.

There was a time when it was difficult to get to this oil and the amount of energy that was used to extract the oil made it ridiculous to make the attempt. And great projects that are based on profit economics must be cost effective unlike, say, war.

For instance, the Red Ball express of World War II had to drive through snipers across an area the size of Texas to deliver fuel and weapons. Not practical money wise, except, you didn't drive the Red Ball express to make money, it was done it to win a brutal war against brutal people.

When drilling for oil, the cost is very much a factor, so until recently this kind of drilling was prohibitive. Especially since there was no urgency that could be expressed that could get past the cost, the environmental movement or was greater than the Saudi's propping up our dollar. Until now.

Events have changed things recently.

1. 
   

   Technology now makes it possible to extract the oil environmentally safe and cost effective. As a matter of fact, we import 2 million barrels a day from Canada, much of it coming from their shale formations.

2. 
   

   People are beginning to wake up to the agenda of extreme environmentalists. For example in Green Peace, founded by true environmentalists who wanted prosperous man and a clean environment to co-exist, the founders were driven out of the movement as socialist radicals took over the group. They have pushed an extreme agenda based on destroying the West economically. Deconstruct so you can reconstruct. But with the internet, the truth is getting out, and now citizens are not easily swayed by the propaganda of groups. like this. The demand is growing for domestic drilling.

2. 
   

   This demand for domestic drilling is needed because of the boom it would provide to American jobs as hundreds of thousands of people would be hired. The revenue and the closing of our trade deficit, which would mean we would not have to issue debt currency by borrowing to make up import/export monetary imbalances, would help with budget deficits immensely, not even considering the new tax revenue.

   
   



3. 
   

   The Saudi's are rediscovering just how vulnerable they are and can not afford to retaliate against our dollar if we drill. The Mid-East unrest has left them, for now, more dependent than ever on American military power. ( Though we only get a million barrels from Saudi Arabia a day, all oil prices rise when supply is cut off anywhere or threatened).

So consider an oil career in shale oil, offshore drilling, and traditional oil drilling. Though the present administration may hate oil, the need for oil will outlast it, until the day those sweet words are heard, “We're going to drill, baby, drill.”

By

Jeffrey Ruzicka

Jeffrey Ruzicka is a retired executive of a small company that specializes in industrial water treatment. He is lives happily with his wife in Western Pennsylvania and is a contributing writer to UtilitiesJobs, UtilitiesJobsBlog and Nexxt.