Monday, August 2, 2010

Radical Environmentalists Oppose BP (NYSE:BP) Drilling in Libya

Feeble attempts by radical environmentalists, and politicians they own, have focused on attempting to halt drilling for oil in Libya, as well as off the coast of the Shetland isles in Britain.

Attempts to pressure lawmakers to impose a moratorium on both areas as the misguided Obama administration has in the U.S. is unlikely to produce any results, as the fallout in every area, including jobs and energy makes it ridiculous in the first place, and dangerous as well. That doesn't take into account the tax revenue either, which shrinks the political will to do something in this regard.

As far as nationally, this is mostly instigated by Italy, which has absolutely no jurisdiction either of the oil wells, and neither does the European Union, concerning Libya.

The well in Libya will be about 820 feet deeper than the Macondo well, which is the one attempting to be plugged by BP in the Gulf of Mexico. It is will be about 5,740 feet deep.

The other well is near the Shetland islands, about 60 miles west of them, off the coast of Scotland. The well there would be up to 4,265 feet deep, and is at this time subject to the approval of the government.

The British government has said the won't give approval until assurances are offered that highest standards of safety and training are in place and have been implemented.

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