Quote:
Originally Posted by BuckNaked
Oil exploration is a costly venture usually paid for by investors. The oil companies have known about the gulf oil in particular since the 70's. There is nothing new here. It wasn't worth there time/effort then. But now if they can dupe enough investors, They will get some oil and the oil they retrieve will pay top dollar these days, and the investors will foot the bill and get little on the return end.
IF, and that is a big if, the oil prices go down, and gasoline drops in price as a result, they will stop drilling in the gulf (ocean), because it will not be profitable for the to continue!
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So, if this requires investors, are we to assume that the GOP is certain that there are investors who don't think their going to get screwed ponying up to the table to pay for this speculation?
And then, when oil prices drop (if, like you said), the new spots we opened for drilling will no longer be drilled?
This seems like a big to-do about nothing...except possibly some screwed investors.
08-04-2008, 02:06 PM
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