Comments on: Oil drilling in Lake Superior? http://looncommons.org/2008/07/07/07072008/ A forum for current and emerging environmental and conservation issues in Minnesota. Sun, 15 Aug 2010 05:07:48 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Darrell Gerber http://looncommons.org/2008/07/07/07072008/comment-page-1/#comment-561 Darrell Gerber Wed, 09 Jul 2008 16:59:20 +0000 http://looncommons.org/2008/07/07/07072008/#comment-561 Interesting article. Most of the focus has been on drilling in Lake Michigan particularly down by Green Bay, WI. The problem is it really won't do much good. The billions of barrels of oil available off-shore (including in the Great Lakes) sounds appealing but it's just a drop in the bucket to world-wide sources. Since oil is a global commodity you have to significantly increase worldwide production in order to have an appreciable reduction in commodity prices. Opening up off-shore drilling isn't nearly enough. Ron Way at MinnPost has an article on this today: http://www.minnpost.com/ronway/2008/07/09/2505/lifting_drilling_ban_wouldnt_do_much_for_gas_prices_report_says Interesting article. Most of the focus has been on drilling in Lake Michigan particularly down by Green Bay, WI. The problem is it really won’t do much good. The billions of barrels of oil available off-shore (including in the Great Lakes) sounds appealing but it’s just a drop in the bucket to world-wide sources. Since oil is a global commodity you have to significantly increase worldwide production in order to have an appreciable reduction in commodity prices. Opening up off-shore drilling isn’t nearly enough.

Ron Way at MinnPost has an article on this today:
http://www.minnpost.com/ronway/2008/07/09/2505/lifting_drilling_ban_wouldnt_do_much_for_gas_prices_report_says

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