Quote:
Originally Posted by bwilson4web
Ok, form a corporation that allows only individual investors from those who believe #2. Then let the corporation, the "homeland investment" fund, go drill anywhere they want. Forbid any corporate investors by making sure it has to be individuals ... using their 401k money. Yea, let them put their 401k funds into the fund and go drill away.
I grew up in Oklahoma and my uncle used to drill wells ... a great way to pour money into a hole in the earth. I don't cotton to folks who say someone else should be doing something they themselves don't have a stake-in. If these "drill everywhere" folks are so hot to trot, let' em wildcat like my uncle did.
Bob Wilson
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Don't tempt 'em, they're ignorant enough to do it.
One of the big problems in explaining the problems we face are the complexities of oil and gas exploration and then the subsequent problems that are part of the variables in producing an oil field. The average person has no clue what is involved. To them, it's just drill a hole = oil comes out.
Crucial details of reservoir geology; depth of the producing layer, rock permeability, rock porosity, ground water pressurization of the field, quality and viscosity of the oil; hydrogen sulfide contamination, gas cap, and on and on are simply beyond what average people are willing to learn about.
The guy on the street hears that the Brazilians have found 3.5 billion barrels of oil and he thinks our problems are now over. Flow rates, costly maximum reservoir contact wells w/multilateral completions, and astronomical drilling/production costs are not on the list of things to EVER educate himself about. All that counts are the ignorant, simplistic arguments "**** the speculators, **** the environmentalists, etc."