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Non-Cattle Specific Topics
Coffee Shop
OFF SHORE DRILLING
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<blockquote data-quote="TexasBred" data-source="post: 559448" data-attributes="member: 6897"><p>I'm not going to knock "big oil" as some call it. Yep they make big profits...their stockholders expect them to. That's what they pay them to do. Cost have skyrocketed for them as well. Cost several million dollars to drill one little well with no guarantee of any payback. Big risk...big reward..or big loss.... Will drilling make a difference...absolutely. A well can be drilled and be put online in less than a month if they really push it..But then it has to be refined...meet all the gov't regs.....is American oil exported?? Some to Canada where it is refined and comes back into the US....some to Puerto Rico. That's it...</p></blockquote><p></p>
[QUOTE="TexasBred, post: 559448, member: 6897"] I'm not going to knock "big oil" as some call it. Yep they make big profits...their stockholders expect them to. That's what they pay them to do. Cost have skyrocketed for them as well. Cost several million dollars to drill one little well with no guarantee of any payback. Big risk...big reward..or big loss.... Will drilling make a difference...absolutely. A well can be drilled and be put online in less than a month if they really push it..But then it has to be refined...meet all the gov't regs.....is American oil exported?? Some to Canada where it is refined and comes back into the US....some to Puerto Rico. That's it... [/QUOTE]
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