- Jul 21, 2009
- 133,135
- 69,803
- Thread starter
- #21
How the hell do you figure that?????By limiting the production they get more money for the oil they do put on the market. This is the problem with trying to explain something to CON$, they don't even know about things as basic as SUPPLY and demand!!!!!!!!
So you're all for it I suppose??
I'm trying to figure out what your position is because it seems to be all over the place.
I just said this practice must end but you seem to support it. If Democrats are responsible, which they are, you would support it. But since you think big oil is it's bad. Ether way we the consumer gets ripped off.
Obviously what I'm for is UNCAPPING the capped wells and putting that oil on the market. At a stockholders meeting in 2001 it was revealed that 2/3 of the oil in the Texas and Oklahoma oil fields is CAPPED!!!!!!!!
There are several reasons wells are capped and not all of them are evil oil companies.
FYI, a well's peak production is when it first goes into production. After that it's all downhill. Obama knows this and wants to decrease domestic oil production. No new wells means a drastic decrease in production.