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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (36386)7/27/2005 1:22:48 PM
From: Think4YourselfRead Replies (2) of 306849
 
I disagree, except for coal, solar, and maybe nuclear. The cost of both finding and extracting energy is increasing as energy becomes harder to find, even when offset by technology improvements. Gone are the days when Saudi Arabia could drive a pipe into the ground with a sledge hammer and hit oil. Gone are the days when a shallow water jack up could hit a major find. Now we are drilling in remote places, and drilling deeper. The shallows of the GOM are nearly depleted and drilling to depths of over 5000 feet are now becoming common. Longer distribution pipes to remote sources and being forced to use ships to move the deepwater energy are also increasing costs.
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