Friday, October 17, 2014

China goes into deep water for energy, will find only disaster

China is trying to be like the US. Why? Why the mad dash for more energy when energy is just wasted on cars and sprawl? Profits for the elite. Expect disastrous accidents and spills. Meanwhile global warming continues.

rigzone: "China finally realized its goal of finding petroleum reserves in deepwater acreage when state-owned China National Offshore Corp. (CNOOC) successfully drilled the Lingshui 17-2-1 exploration well at the Lingshui 17-2 gas field in the South China Sea, located 93 miles (150 kilometers) south of Hainan Island in the Qiongdongnan Basin."

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