Deep Water is great, AFTER you’ve paid the zillion dollars to get it up and going. And oh, then AFTER a hurricane shuts you down. And oh, then after that same hurricane does a half zillion dollars worth of damage to the rig. And oh, then AFTER Obama runs you out of business. Yeah, deep water is practically a give away.
Are you claiming $/barrel it is not in line with shale production?
It has significant risk, but the big boys don’t spend those billions because they lose money compared to the Eagle Ford or Permian Basin.