Some of the new oil from ‘old ground’ is simply economically feasible because of technological developments. For instance, we knew there was oil in the Bakken, and it had even been produced in some locations where the geology was just right for doing so. However, the refinement of horizontal drilling and fracking techniques made the boom happen. There was a lot of experimentation along the way, believe me, and the innovation will continue.
Exactly. You and I have the same understanding.