Don’t mind Biff, You dinosaurs think cause you knew the business 20 years ago you are still experts. The world has changed. Try to keep up instead of arrogantly demanding, like Phsyco did on this thread, that the rest of us ignore all factual reality just so you Whineocons can feverishly cling to your narrow emotion based political dogmas and fundementel doom and gloom ignorance.
Another piece of factual data that shows you and Phsyco either wholly ignorant or frauds.
http://www.nytimes.com/2007/03/05/business/05oil1.html
LOL! Inducing production out of older mostly depleted fields, has nothing to do with what was being discussed here today. The discussion was over the higher cost of drilling and some of the methods being used. And you clearly illustrated the additional costs to extract oil that must be added on to the initial cost to produce that oil.
As far as I’m concerned, you are simply too rude or overbearing to have a logical and intelligent discussion with. You also go out of your way to insult people who have a valid opinion, simply because you don’t agree with their outlook.
If you are looking for a technical battle, and care to discuss it in a civil and respectful manner, I’m more than available, but if you keep on throwing insults and poorly based facts on a subject you know almost nothing about, then forget about a response from me from here on out.
You are only making yourself look like a small cynical little man who uses abusive comebacks when he lacks the expertise or the dignity to carry on a logical and pragmatic conversation.
That’s ok MN. If you are the young expert, why don’t you come on down here and show us how it is done. You might be suprised to know that oil wells are drilled today exactly like they were 60 years ago. As a matter of fact, there are rigs running today that are at least 30 yrs old.
I suppose the biggest technological breakthru has been directional drilling, computers, 3D seismo, and fracking.
Most yankees do not know squat about how the oil industry works. How it develops fields, the drilling and production processes, gathering, refining. Oh, I forgot, the yankess do know how to make money off the backs of the American consumer by driving up the price of oil on the futures markets.
So that is ok MN, this old fart will still help drill oil wells and provide America with the lifeblood that drives our economy in everything a consumer touches. And I will be very happy when I go to the bank.
That is all.