[Starstruck]

So with Shale we can just cap it and come back when the price is right again. Meanwhile we get cheap Saudi oil and when it gets too high we turn on the fracking wells and keep the cost reasonable :-)

I know nothing about the oil business, but wouldn't you have already spent the bulk of production cost already when you have the well in place? Are the owners of the land you leased going to be happy with no production?

[thackney]

Are the owners of the land you leased going to be happy with no production?

I would. But only because that would cause the oil production company to lose the lease. I would get to sell it again and make more money with a proved producer.

In reality, no production company is going to do that. They have to keep production to maintain the lease, as well as not cause problems in the well.

[for-q-clinton]

Well it is what it is...they won’t drill if they are bankrupt or losing money.

It’s not about being happy...it’s about business.