Wednesday, May 30

Welcome to the Oil Industry

To the clueless newbies out there bitching about $3.00+/gal gasoline.
Check out the supply line...the following link is just the start in the chain of multiple events:
"How many companies do you know that can afford to gamble 15 billion dollars over a 10 year span on technologies that have never been tested, and in fact didn't even exist when the money was put on the table, drilling in water deeper than ever drilled in, exploring in a rock formation that until a few years ago, geologists didn't even think there could be oil there."

Link

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