Bob McCarty Writes

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Domestic Drilling Activity Drops 37 Percent in 2009

January 14th, 2010 · No Comments

While the estimated number of U.S. oil and natural gas wells and dry holes completed in 2009 – 39,068 — was 37 percent lower than 2008, according to officials at the American Petroleum Institute, there is some good news in the Oil Patch.
Fourth-quarter totals of 10,609 completions were 19 percent higher than the third quarter, [...]

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‘Drill, baby, drill!’ Rock ‘n’ Roll Quality Demands It

November 11th, 2009 · No Comments

According to the folks at Overthinkingit.com, the decline in U.S. oil production is explained by the Hubbert Peak Theory, which states that “the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline.” Makes sense, right? Further, [...]

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Chevron to Set Records with State-of-the-Art Ship

August 14th, 2009 · No Comments

Almost nine months ago, I published a post about an offshore drilling record being set in the Gulf of Mexico.  Today, thanks to a heads up from Jane Van Ryan at the American Petroleum Institute, I bring news of the Discoverer Clear Leader, a new state-of-the-art vessel is capable of drilling wells in 12,000 feet [...]

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2009 Energy Bill Will Punish Oil Consumers

June 8th, 2009 · No Comments

American Petroleum Institute President Jack Gerard issued back-to-back statements today related to the American Clean Energy and Security Act of 2009.
About the Congressional Budget Office cost estimate on the measure, Gerard said the following:
“The study confirms the bill discriminates against ordinary Americans who depend on cars, trucks, trains and airplanes and will [...]

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‘Environmental Radicals’ Obama’s Achilles Heel

May 14th, 2009 · No Comments

President Barack Obama has put America into the hands of “environmental radicals.” It is only a matter of time before “his vast popularity runs aground on his energy policies,” according to Jon Basil Utley, writing in a Reason magazine column.

“In the name of saving the planet from global warming, [Obama] has delayed new oil drilling, [...]

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