“If we went full bore we would drive the price down to nothing.”
I’m not sure that’s a bad thing for us. Energy is necessary in order to live. So is air and water... They are both free and so far that’s worked out OK.
I’m not sure that’s a bad thing for us. Energy is necessary in order to live. So is air and water... They are both free and so far that’s worked out OK.”
Well, water certainly isn't free. Our summer water bills here in Northern California are $500 for two months, if you have a lawn to water. As for low-cost energy, bring it on, because it will do two things: 1.) Be a boon to bringing jobs back to this country and 2.) It will put all of the OPEC countries into bankruptcy. I like #2 almost as much as #1! Having the "Carpet Clowns" drinking their unused oil to chase down a big gulp of sand is really appealing to me. Apart from Israel, when we no longer need their oil, we can sit back and watch the Muzzies annihilate each other.
True. Lower energy costs reduce manufacturing and shipping costs and thereby make us more competitive in the world marketplace.
Good, then you need to go set up your own drilling and production company and see just how expensive free can be.
FR has been infested with liberal think and you are part of it.
The oil and gas industry drives the economy. Be careful about wishing to destroy that industry.
If water is free, then why do you have to pay a water bill every month to your city?
The game is not so much to increase oil and gas production, but to install facilities that enable to increase a sustained rate of production i.e. gas/oil separation plants, pipelines, pumping stations and oil loading facilities. Not every barrel of oil produced needs to be placed on the world market — it is the production potential that is important to be installed. Example: if it is planned to produce 20 MMbarrels/day, install facilities that can support 30MMBBL/day at a sustained production rate.