Off-Topic: from the AP news service 8/12/15
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Name:
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copperline
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Subject:
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from the AP news service 8/12/15
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Date:
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5/1/2010 9:55:26 AM
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August 12, 2015 AP Newswire: Conoco-Phillips announced discovery of large oil deposits in South-central Alabama and its intentions to move quickly to begin production operations. Located in areas under Elmore, Tallapoosa and Coosa counties, the new oil field is likely to be capable of supplying much needed US oil for up to 5 additional years. “This is extremely good news for the people of Alabama and the United States” and will “help to meet US energy needs and provide much needed jobs for the local economy” according to the Alabama Governor’s office. In a unique twist of production technology, Conoco Phillips will be utilizing about six off-shore drilling rigs anchored in the shallow waters of Lake Martin to harvest the hydrocarbon reservoir. Submerged pipes will carry the oil on-shore to an onshore collection point located in the Blue Creek area, and transfer to a more substantial above ground pipeline system there. Alabama Power Company, which has leased the oil rights to Conoco, and the State of Alabama’s Department of Environmental Management (ADEM) have concluded that it would be too expensive to operate the wells from shoreline properties which have risen to peak values in recent years. An off-shore oil spill in 2010-2011 sent Gulf of Mexico residential property prices plummeting while exploding consumer interest in the cleaner inland waters of Mississippi, Alabama, Florida and Georgia. The floating oil rigs will become valuable fish habitats and their gas-flares are expected to serve double duty as navigational markers for night-time boaters. ADEM spokesman stated, “We are committed to completing this operation with minimal impact on boating, fishing and recreation users in the State of Alabama, and appreciate the support we have gotten from our citizens”
Local groups who have promoted full scale oil production will be invited to attend the opening of the new oil field expected in the summer months of 2016. Conoco Phillips will provide refreshments and baseball caps that read “Drill baby, drill”.
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