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To: thackney
If an oil company is not replacing their reserves, they are going out of business.

You know as well as I do that there are plenty of reserves.

21 posted on 04/10/2012 8:22:48 AM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: Carry_Okie

But not owned by the investor owned oil companies. They have to keep spending money to get them.

Do you understand how fast the production rate falls on a typical Bakken Oil well? These are exponential curves of lowering production.


23 posted on 04/10/2012 8:28:14 AM PDT by thackney (life is fragile, handle with prayer)
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