Yep, it is an opinion piece. The guy is probably a lot more knowledgeable than a lot of other opiners (90%? of them? or is that number too low what with all the vastly knowledgeable and experienced politicians weighing in right now) but you read it and take it for what it is worth.
There is a lot of work going on now to go back to old wells and recover the stuff that wasn't easy when they were new. Saw another article about a guy in Pennsylvania who is doing that, making a nice little profit but early on he was barely getting by. But that's the all bidness fer ya! A few years ago I went to this nice car show that is held every year down at Clear Lake, south of Houston. I was sitting for a few minutes, sat down next to this couple who had a couple of old cars there. They were maybe early 40s. Some guy they knew came by and they were chatting, she said they had to sell the DC-3 and a couple other planes, and some of their cars, and she really hated that, but things would be picking up and they could make enough to buy some others, and that would be OK. The guy said, "Well, that's the all bidness" and she said, "You got that right!" and laughed. --R Jeff Zedic wrote: > $100/bbl opens up all kinds of possibilities. > > A cynic might think that that's exactly what the industry > wants/needs/has created for itself. > > In the full article, the authour himself states that these high prices > will help to mask inefficient drilling practices. > > He talks about new technologies being able to get 2/3 of the oil > underground extracted instead of the 1/3 they tend to get now. Nice! > I'm all for technology and efficiency! Now how about some of that for > US cars, homes and businesses?? > > BTW, the authour of this OPINION article in the WSJ, is Manager, > Reservoir Management at Saudi Aramco....think he has a vested > interest? It's his opinion...this isn't fact....big difference. > > Zedic > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
