[QUOTE=Finfeatherfur;217515]DUHHHHHHHHH! EPA regulations have changed and so has the cost of production. Unless your dad is a CPA, he wouldn't understand it either. He gets an annual salary that goes up, along with health care and other benefits, all with cost increases, who pays for that - the oil companies! Their cost of doing business is skyrocketing, that's what people don't understand.
Look, ya'll know I work for a consulting company in the oil & gas industry. A well that cost $5 mil to drill in 2000 currently cost $12mil to drill now. It may pay out $20 mil in production, but over how much TIME will it take to make it. Also take into account, royalties and permitting cost. It is huge and will soon be upside down where we can no longer afford to drill here. In case you didn't know, Chavez has a lot of oil, so does Iran, so does Russia. Now, when we need to buy it from them, who do you think has more money to purchase that oil - us or China?
They will make a killing selling it to the Chinese and we can not compete with them since they have all the money. Better wake up people!!!!! We need to drill here, we need to drill now, we need to cut down some trees and drill fast!!!! - As soon as we stop worrying about a fricking wood****** or polar bear, and make an effort to support our own needs, the faster we can get to being a world superpower again. And while I'm on my soapbox, if the frickin environmentalist from the Al Gore years would have had their facts right, maybe we could have had a few more companies willing to open new refineries. You know, refineries that can be more effiecient, cleaner, and more strategically located for the needs of the country. But NOOOOOOO, they want to make it impossible to build a new one anywhere!!!!
So with that, I will end my rant on fuel cost with this. If you don't like it, park your truck, park your boat, turn your lights and computer off. Otherwise, shut up and pay up!!!!! I could care less if it was $2/gal or $10/gal - I'm going fishin'!!!![/QUOTE]
I hope this is not the same opinion that other people in the oil and gas industry have.
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