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Non-Cattle Specific Topics
Coffee Shop
Inflation and spending habits
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<blockquote data-quote="Rmc" data-source="post: 1733434" data-attributes="member: 39072"><p>A short time ago us was a net exporter of oil for the first time in almost 70 years . That is no longer the case.</p><p>Their are many ways to limit oil production besides out right bans. </p><p> Oil wells aren't like a light switch . You don't just turn them off when price drops then magically flip the switch back on . Many times it takes a long time and a lot of effort ,time and money to bring the well back into decent production levels. </p><p>Permitting to drilling to production doesn't happen over night either. It can take 2-3 years from initial planning stage to actually selling the first barrel of oil .</p></blockquote><p></p>
[QUOTE="Rmc, post: 1733434, member: 39072"] A short time ago us was a net exporter of oil for the first time in almost 70 years . That is no longer the case. Their are many ways to limit oil production besides out right bans. Oil wells aren’t like a light switch . You don’t just turn them off when price drops then magically flip the switch back on . Many times it takes a long time and a lot of effort ,time and money to bring the well back into decent production levels. Permitting to drilling to production doesn’t happen over night either. It can take 2-3 years from initial planning stage to actually selling the first barrel of oil . [/QUOTE]
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