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Even though 85% of world crude production was still coming from Pennsylvania wells in the 1880s, overseas drilling in Russia and Asia began to reach the world market.
What was actually impossible -- indefinitely continuing our dependence on oil -- was embraced as simple and practical, even if it involved shipping millions of jobs overseas, drilling for oil in water so deep that we had no idea what we were doing, and shipping hundreds of billions of dollars each year to regimes that used much of the money to fund our enemies.
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So far, just over a hundred exploratory concessions have been awarded to energy firms (both Polish ventures and joint Polish-overseas partnerships) to drill and help ascertain for certain just how much gas is available – and where.
Freeman praised the ExxonMobil managers for progress that he felt they had made in protecting human rights in violence-prone areas overseas where the company drilled for oil, such as Nigeria, and also for working to combat corruption in oil-producing countries.
Awash in cash from spinoffs of Frontline subsidiaries and investments in overseas shipping companies like General Maritime, Fredriksen spent 2005 on company-buying spree, scooping up offshore drilling rivals of his own SeaDrill as well as 2 fishing companies.
Keep drilling.
Back then, their investigative journalists tried to break the cronyism code by which tiny Harken, which had never drilled a well overseas, miraculously beat out the giant Amoco for a prized contract for drilling in Bahrain.
But the oil industry is still calling it a win, citing proposals that would make it easier for oil companies to recover their investments in exploration and to shield profits earned from drilling overseas, in addition to lowering the corporate tax rate to 20percentt.
These remarks showed that Romney had absorbed lesson number one of overseas trips that has no doubt been drilled into him by his foreign policy advisers - do not criticize the president when you are out of the US.
Just drill, baby, drill.
"Drill here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com