[thackney]

I think many people outside the industry, do not understand how greatly cost have risen for an increases in domestic oil production.

In many cases, it is the subscontractors and equipment/material suppliers that are seeing higher profits than the actual oil production companies.

On the debt/tax, I was only guessing. I don’t know, but a tax rate over 100% makes even less sense.

[wideawake]

I think many people outside the industry, do not understand how greatly cost have risen for an increases in domestic oil production.

Fair point.

In many cases, it is the subscontractors and equipment/material suppliers that are seeing higher profits than the actual oil production companies.

That's actually pretty fascinating. I can see how that could work - if you're committed to a project, you're committed a project.

On the debt/tax, I was only guessing. I don’t know, but a tax rate over 100% makes even less sense.

Something's definitely going on there that requires further information.

[Praxeologue]

cost have risen for an increases in domestic oil production

Bill Thomas hasn't seen much cost pressure, particularly because they do most of their own servicing.