Political Quotes

John W. Peterson: “Well, we're so far behind the curve right now, we were talking to Minerals and Mines Management today. Many of our rigs…”

On the recordJune 18, 2008
Well, we're so far behind the curve right now, we were talking to Minerals and Mines Management today. Many of our rigs went to Russia to drill because there's so much more activity there. The big owners go where the action is, and they're being paid bonuses to go to North Africa to drill. We don't have as many rigs in the gulf. Thirty percent of our rigs are gone. Our infrastructure has dwindled because we've not opened up. Now, the issue of can we be self-dependent, we would have to open up everything. It would take years to get the rigs here. We'd have to do coal-to-liquids, coal-to-gas. I mean, it would take a long time.
Said by
John W. Peterson
Pennsylvania
Source
govinfo.gov

Editor's note · Context

Discussing the decline of U.S. drilling rigs and the need for energy independence.

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