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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: J_F_Shepard who wrote (392283)6/18/2008 11:31:37 PM
From: steve harris  Read Replies (1) | Respond to of 1578093
 
You asked why oil production keeps falling and I answered the question.

"Environmentalists"

Tell you what, we'll play your game, your way. Maybe you'll have a better chance.

Why do you think production has dropped the last 40 years?



To: J_F_Shepard who wrote (392283)6/18/2008 11:42:06 PM
From: d[-_-]b  Read Replies (1) | Respond to of 1578093
 
Not enough drilling or just stupid drilling?


Not enough drilling or any drilling in the right places - the ones we have never checked but suspect or have been technically out of reach due to depth.

We've drilled millions of holes and I believe the count was something like over 510,000 wells - of course not all produce or not at economical levels. Some old capped wells in California are being restarted as it's now possible to make money on them due to current prices.