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re: ‘Drill, Baby, Drill!' Will Secure American Prosperity For The Twenty First Century
Posted on 3/12/24 at 6:07 pm to bayouboo
Posted on 3/12/24 at 6:07 pm to bayouboo
quote:
Aren’t oil companies drilling at record levels now?
But they could be drilling for so much more in places like offshore, but regulations and the risk of Saudi Arabia dumping their cheap oil in the market scares some producers from drilling more because the cost to extract would be more than the spot price.
1
Posted on 3/12/24 at 6:09 pm to Tarps99
quote:
But they could be drilling for so much more in places like offshore, but regulations and the risk of Saudi Arabia dumping their cheap oil in the market scares some producers from drilling more because the cost to extract would be more than the spot price.
It would be exported because we don't have the types of crude we get from Canada and Mexico, heavy crude.
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