Offshore Oil in one year (!)

One Democratic talking point about offshore oil is that it won't be brought to market for many years even if we start now. Eric Bolling, a trader writing for thestreet.com, gives us this interesting bit of information (emphasis added):
 

A Congressman followed my segment and suggested that drilling wouldn't help for 10 years or more. I know this is absolutely untrue, so I called Transocean, the biggest driller in the world. An officer of the company told me that depending on the location of the drilling, oil could be realized in as little as a year.

Ultra-deepwater fields might produce in 3-5 years. For the most remote locations, without any prior infrastructure support, that barrel may require a 4-6 year window. I suggested 8 years and he said that he could not envision a situation where it would require more than 6 years to bring a barrel out of the ocean floor.

This is a complete deal-breaker for one of the Democrats' favorite talking points.

This is huge.