Mike Matteson
Well-Known Member
My son worked for Halliburton for something like 12 yrs. I believe before he moved on. He was Western Region Sales Manger of drill bit sales, If I remember correctly. So I due have some insight into the oil industries. It's a big problem to shut down a well, then trying to restart it. There is million of dollars that goes into drilling a well at the same time.Really it's a whole lot more compilcated than that.
Some of the big offshore rigs are artesian wells flowing tens of thousands of barrels a day. Take a look back at the BP disaster in the gulf and how much oil it was putting out.
Conversely we have wells that barely flow enough to be profitable at 70.00.
Lot's and lots of factors come into play but as a rule, the US is rocking along great with oil anywhere between about 45-75.00/bbl.
The big problem we have is that when gas gets too high it eats everyone's disposable income up in a hurry which then really has a big countering effect on the rest of the economy because it spurs inflation and people have ever less money to buy with.
Now with Dumb Bast**D (aka Biden) in office. He has turn everything upside down. Places to drill, and more important getting oil from one place to another. You have to have an eye looking down range to try and stay ahead of what's needed. The Dem's don't have a clue, with their heads stuck in the Mud. Hard to see from there too. You can see how their planning is working.
I spent 30 yrs on Water District Board of Directors. Planning is the name of the game, to stay ahead, and having enough funds to do it is hard. Our Mater Plans was up dated every 5 years.
Enough of this, back to Long Range Hunting. (Soap Box)