Long Beach's black gold

Long Beach's black gold

There are 23 comments on the Long Beach Press-Telegram story from Dec 26, 2009, titled Long Beach's black gold. In it, Long Beach Press-Telegram reports that:

One of the solutions to Long Beach's ongoing budget problems may be buried deep underground.

Join the discussion below, or Read more at Long Beach Press-Telegram.

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Oil Man

Lakewood, CA

#30 Dec 30, 2009
LBCityGirl wrote:
<quoted text>
You need to check your facts, Oil Man...the city continues to sink a couple inches a year with the current drilling and saltwater injection program. This is a serious problem in fact. The infrastructure used for this is old and doesn't work as well as it once did.
I have mixed feelings about the drilling. I suspect in the end the only people making money on this will be the oil company. Not drilling now is like keeping money in the bank. The oil will become a more valuable a commodity as the rest of the world uses theirs up. On the other hand, what if someday oil was obsolete?... then this oil would be almost worthless. Perhaps it is best to take the money while the taking is good.
If it means our city will survive financially for the next twenty to fifty years, it may well be worth the risk.
LBCityGirl, OilMan knows his facts. The City is most definately not sinking a couple of inches a year. Do your homework and read the periodic reports to the City Council that provides status updates on any subsidence. There is virtually none and has been under control for decades now. So, what is your documentation that shows the City is sinking??? And the technology used now is much better than what was used in the past so no clue to why you say it is worse. What makes you say that?
michael

Newport Coast, CA

#31 Dec 30, 2009
CassandraV wrote:
<quoted text>NO! In the interests of national security we do not drill our own oil! We buy it from other nations until theirs runs dry. I think I learned that in Econ 1A. Think about it.
The oil we do have is used to help keep prices down here in the US, which is why we're not paying $7 a gallon for gas like other oil-less nations (though really it's because of all their taxes).
We don't NEED that oil - yet.
I though that Alaska was a part of America and the gulf of Mexico isnt that close to the USA or Texas or Oklahoma.the fact is there is more oil in Alaska to gas up America for the next 200 years thats only one field. go to the port watch all them tankers coming from Alaska not Suadi. but we only buy about 10% of the oil we use from them in today time with are oil consumption down what would you say 30% from 3 years ago may be more. last summer when gas went up to 4.50 a gallon did you notice what happened to this country do you think may be thats the reason gas isnt $7 a gallon our market wont bear it or it would be there
LBCityGirl

Seal Beach, CA

#32 Dec 30, 2009
Oil Man wrote:
<quoted text>
LBCityGirl, OilMan knows his facts. The City is most definately not sinking a couple of inches a year. Do your homework and read the periodic reports to the City Council that provides status updates on any subsidence. There is virtually none and has been under control for decades now. So, what is your documentation that shows the City is sinking??? And the technology used now is much better than what was used in the past so no clue to why you say it is worse. What makes you say that?
The "oil men" in my family told me this.

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