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Coffee Shop
USw National Oil Strike
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<blockquote data-quote="Caustic Burno" data-source="post: 1220762" data-attributes="member: 694"><p>If we were still relying on 70's technology oil would be getting pretty slim.</p><p>Deregulation of prices sparked an oil boom, again why drill for 12 dollar a barrel oil</p><p>regulated by the government when it cost you 20 dollars a barrel to punch the hole.</p><p>With all the drilling in the last few years this stat is probable a little low.</p><p>Five years ago the average well produced 16 barrels a day.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1220762, member: 694"] If we were still relying on 70's technology oil would be getting pretty slim. Deregulation of prices sparked an oil boom, again why drill for 12 dollar a barrel oil regulated by the government when it cost you 20 dollars a barrel to punch the hole. With all the drilling in the last few years this stat is probable a little low. Five years ago the average well produced 16 barrels a day. [/QUOTE]
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