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The Chip Board Archive 11

Re: Don't Buy Gas on May 19
In Response To: Re: Don't Buy Gas on May 19 ()

I used to do a little bit of oil and gas accounting several years back. The short of it is that the wells you're seeing are simply not profitable. The major oil companies will drill wells and run them until they can't make money on them. There are a host of small companies that will buy these wells from the majors and run them until *they* can't make money on them (that's where we came in). After that, they aren't run simply because you can't make a dollar doing it.

Messages In This Thread

Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19
Basic economics lesson grin
Re: Wishful Thinking ....
Re: Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19
And the problem is it is only cost efficient to
Re: And the problem is it is only cost efficient t
Re: And the problem is it is only cost efficient t
PLUS....
Re: Don't Buy Gas on May 19
Re: Don't Buy Gas on May 19-Why
Quite right Gene - the only ones in use are those
Re: Quite right Gene - the only ones in use are th

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