To: rodguy911
As a general rule, you can only get about 50% of the oil
out of the ground. When it costs more to pump than the oil, what there is, is worth, you stop. EROEI
39 posted on
07/06/2008 2:09:55 PM PDT by
OregonRancher
(Some days, it's not even worth chewing through the restraints)
To: OregonRancher
Gotcha, also makes sense, from the looks of it the higher the price of oil goes the more wells that might be unplugged.
44 posted on
07/06/2008 2:14:21 PM PDT by
rodguy911
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