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Thread: $60 a barrel for oil to arrive in the US soon?

  1. #41
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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by sawyerloggingon View Post
    Anti oil people like to say we are running out of easy oil but in reality oil extraction has never been easy it only appears so looking back with todays technology framing your opinion. Not long ago I hiked into an old oil well site in Glacier NP that was the first oil extracted in the far west. It was bubbling out of the ground and people now would call it "easy oil". The truth is they had to build miles of road through tough country to get to this oil and then ship it in wagons 70 miles to Kallispell Montana, not so easy after all. When these surface deposits were gone so was "easy oil" and the drilling rigs started which pushed technology to the limit. First they drilled 50 feet then that easy oil was gone then they drilled 100 then a 1000 etc etc. We are always chasing the next oil deposits and it always challenges our current technology.
    It is still objectively harder to extract, and more expensive.
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  2. #42
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    Re: $60 a barrel for oil to arrive in the US soon?

    Re: Chris Cook: The Oil End Game « naked capitalism

    Top right corner of the above mentioned website has the slogan "I support the occupy movement". Bias I can get every where. But thanks anyway, I'm just cutting back on these sites.

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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by Billy the Kid View Post
    Re: Chris Cook: The Oil End Game « naked capitalism

    Top right corner of the above mentioned website has the slogan "I support the occupy movement". Bias I can get every where. But thanks anyway, I'm just cutting back on these sites.
    So anyone that supports Occupy has a biased opinion?
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  4. #44
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    Re: $60 a barrel for oil to arrive in the US soon?

    Of COURSE speculators look to make profits off of crisis and benefit from higher gas prices. I can think of at least 2 others that said they wanted US oil and gas process to be higher way back about 4 years ago. Wonder who those two might be...

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