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atreis wrote:
- much of the ANWR oil isn't economical (profitable) to recover unless oil is up over $125 a barrel.
Where did you get this figure? With all due respect, I've seen figures like that tossed around all my life. They are always exaggerated.
Big Oil makes trillions of $$ every year. Not just during years when oil is over $100.00
If we open ANWR, trust me, the price of oil will go DOWN, not up. They'll cry and moan that they need $125.+ or whatever to make a profit. But thats all a bunch of balony. If there was a trillion barrels of oil on Mars and you told Exxon Mobile if they'd go get it, you'd buy it for $50.00 a barrel, they'd be making plans build a pipeline to Mars the next day.
You ever seen a Duel Activity Drill Ship?
I can't imagine what it costs to build, much less maintain one of these "economical" drillers but Transocean has what -- NINE of them? Plus the rest of their fleet of Ocean Rigs and drill ships. Dually's are high tech drill and completion rigs that save money. They cost a fortune, but at the end of the day, they save a fortune and a half. It will be the same with ANWR if we decide to drill it. New oil, new jobs, new technology, new independence. But hey, why would we want any of that?
