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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 399.29

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Dec 17 4:00 PM EST

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To: dvdw© who wrote (59998)	1/16/2010 10:01:54 AM
From: Seeker of Truth	Read Replies (2) of 218545

Hi dvdwC, Thanks for your valuable input. I'm no expert on the topic, that's for sure. However there is one certain aspect. The deeper we drill the more energy is expended both in the drilling and in the subsequent pumping out of the oil. At some point it doesn't pay to go deeper as the energy thus expended is greater than that of the removed oil. You must be right that Chevron wants government money so they do the fashionable thing. However they did begin before Obama was elected presumably on a much smaller scale. I guess you are at least partially right in that it may take a long time before it won't pay to drill any deeper. Several decades? Seeker of Truth

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