From Big Foot To Bluto, Gulf Of Mexico Set For Record Oil Supply Surge

From Big Foot To Bluto, Gulf Of Mexico Set For Record Oil Supply Surge | gCaptain

Good news for the Gulf of Mexico. At least that looks like the consensus at the moment. Somehow it seems the predictions never pan out. We go through booms and busts for reasons we never seem to figure out until after the fact.

From my perspective, the GOM does seem to be gearing up for a boom. I see more rigs heading this way, more boats being built, etc. (Check out the photos of the Olympus rig under tow in the link.) I also see more roadblocks for people who want to get into the industry which can’t help since nothing can get done without the trained workers to do the job.

I don’t see the hiring process matching any definition of the reality out here. There are lots of people looking for ways to get into the industry but the companies seem to be intent on isolating themselves behind online applications and never answered phone calls.

One other thing, the price of oil has been dropping lately. I’ve noticed the price for light crude has dropped from around $110/bbl to around $96/bbl in the last couple of months. It’s up slightly now but if it starts dropping off, so will the drilling and so once more the boom will bust.

I’m trying my best to work as much as possible now. ­čÖé

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