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When I went on the drilling platform tour in Morgan City, LA, we were told that a new level 6 drilling platform cost about $6.5 BILLION each. Prior to the moratorium there were 24 in the Gulf. These level 6 platform are about 4 acres in size and have 7 levels or about 28 acres of floor space. WOW. They also said that about 90% of the gross profit went into the "upside" or exploration. This is expensive to drill in the few places that are still OK. The Deep Water Horizon was in water 6,000 feet deep and then drilling down and additional 2 miles below the surface of the bottom. We have billions of barrels onshore and in shallow water that are "off limits".

I have linked to some interesting photos of the drill rig photos below. This tour is publicly available if you are ever in that area.

http://www.linandnancy.com/morgancityla.html