Subj : Re: Gas Crunch
To   : Ralph Smole
From : Finnigann
Date : Tue Aug 30 2005 16:44:00

-=> Ralph Smole wrote to Frank <=-

 RS>   Re: Gas Crunch
 RS>   By: Frank to Newborn on Tue Aug 30 2005 01:45 am

 >   Re: Gas Crunch
 >   By: Newborn to Deuce on Tue Aug 30 2005 12:02 am
 >
 >  > There still a lot of oil in the US, but, they capped the wells until the
 >  > price rose high enough to justify the cost of recovery,
 >
 >    This is an urban legend....
 >
 >
 RS> It's a BIG load of crap. Another liberal legend.

Which part?

A.) There is still plenty of oil.
B.) There is still plenty of oil in the USA.
C.) Oil wells are capped when their expense goes over the revenue.
D.) That they will one day be uncapped.

I can't say about the first two. But I know they cap wells. The wells that they
cap are the really low producers. The ones that they have to pump and get a
fraction of a barrel per day. Not all oil wells produce or if they do they
produce in such low volumes that they are marginally valuable. It costs money
to have a producing oil well. Power to run the pumps or maintence costs.


.... I Xeroxed a mirror. Now I have an extra Xerox machine.
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