<Put another way, at current oil prices that field will go from producing about $18.2 million worth of oil each year to well over half a billion dollars of black gold per year.
If the above return is expected, then why was a $167 million grant from DOE necessary in the first place?
Something smells...
> then why was a $167 million grant from DOE necessary in the first place?
Because they could get it? It might not have been necessary for the project to pencil out but since when has a business turned down Uncle Sugar?