How The American Oil Industry Can Save Your Retirement

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Yeah, because Exxon and COP and CVX are all foreign companies. Even BP and Shell hire U.S. citizens, thousands of them. Opening up more drilling will result in thousands of US jobs, not to mention all of the support jobs and the oil NOT COMING FROM FOREIGN SOURCES>
Firstly, there would be a large amount of geological and geophysical studies done on the area pre-leasing. Companies like XOM and others would need roughly 50 people to conduct these studies, and hire geophyic companies to shoot the seismic surveys, further employing many more. Then once the bids are awarded, there would be a series of large teams put togethter working on exploration studies, plans, and drilling preparations. then a rig company would be hired along with many people to drill the wells and then if oil were found, large developments would be kicked off. These developments include a lot of engineers and planners here in the US, even if the vessels are built overseas. i used to work on these things for projects in the GOM and even if the facility was built in the Far East, there are many many US folks working on it. Then it would have to be operated, which occurs through the labor of lots of US citizens. I think you are way out in left field on this. Have you ever been involved in a multi-billion dollar exploration/development project for a major oil company? I've been on teams that built some of the deepest water facilities and there are Americans everywhere.

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

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Posted by Char on May 29, 2025 at 14:42 — 4 Comments

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