Search results

But each of these "identified" oil deposits have different extraction costs, if you've identified a well that costs $80/barrel to extract from it makes sense to look elsewhere for oil that can be extracted for $40/barrel. It doesn't mean all of that oil will definitely be extracted and burnt; if...

They pay for the drilling rights, so it does go to all of us in theory. A government with vast natural reserves has the right to say no, but as it turns out, they apparently need the money as much as every one of us needs the petrol. The oil companies are not naturally evil. They just prosper in...