Why does anyone put creedance in a speculative article such as the one posted.
C'mon. Its all common sense what is said there.....and partly true, but saying "AHH its going to be 200/bbl!" Its nothing more than sensationalism..
If you ask me, the last 3 paragraphs are particularly useless. Yea..the consumer watchdog group has enough sense to understand how a business should be ring. Eh, WRONG.
Lets do some
math..If the oil costs 50 bucks a barrel to extract, why would it make sense to do that kind of drilling when oil is selling for $40/bbl. Nothing we can do will change some of that stuff......even if we did spend trillions....and then, figure out the time to recoup that investment.. Oil is a business....just like making donuts, just like being an electrician. Oil is not a gov't entity with seemingly limitless pockets an 'nobody' to answer to.
To put it in terms more commonplace to some- If bio costs you 2.15 to make (in just supplies..)...but you can buy good ol #2 for 1.95...which do you pick?