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| | From: vampygal0 (Original Message) | Sent: 9/10/2008 3:32 AM |
I hate to be the bringer of bad news but the days of cheap gas are gone for the foreseeable future. Why? For one new reserves are located in harder to access areas such as deepwater wells. Production costs are high. For instance offshore Brazil, where a major oil play is taking place, operating costs are $69US per barrel. Now take into account the Campos Basin contains the less desirable heavy crude which is more expensive to refine than light crude. In the Gulf of Mexico, new projects such as BP operated Thunderhorse and Shell operated Perdido involve deepwater drilling at historic depts. The Chukchi Sea offshore Alaska and the Orphan basin offshore Newfoundland present a whole different set of problems than the tropical waters of the south Atlantic or Gulf of Mexico. Operating costs will be even higher there. I could go on and on but I hope the examples I have given suffice. |
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I agree with you completely. I hate to keep beating this drum, but----Hydrogen! It has to start somewhere. Nuthing but love to everyone. |
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"Cheap fuel will never return" .......big oil will see to that. All we hear is a replacemant for oil, thats a LONG way down the road and we don't have time to wait. Most of the replacement fuels are not even proven to work and cost more to produce. I say drill drill drill, where we know theres oil, not where we think theres oil. I believe in taking care of the land as much as anyone, but we need oil and lots of it until a replacement that we can afford comes along. As I've said before, we can't grow fuel. All the thinking heads said."Cut back", well we did, in some areas as much as 20% and gas is still $3.60 a gallion. Now who's fault is that, sure as hell ain't the people who work their butts off just to fill their cars and trucks. Jreb
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