Last Generation?

[DJR-351]

Originally Posted by ltd_on20s

while this is a rather simplistic view.... oil is just dead organic matter compressed under heat and load

oil can be made from pretty much anything organic

plants, animals even humans (just an example no advocating of compressing dead humans)

but not just that, any old rubber, plastics etc its base is mde from petroleum products

there is a few plants now operating in the US and their sole purpose it to make old crap back into oil(Re above, minus humans of course) is to try and emulate the oil making process in a much shorter time frame

time shall see if these guys can open a new way of making oil and breaking some of these oil companies monopolies.

by the way, all these people who say it cost a lot of money to find oil, fair enough, but BP's quartely profit in oct 2008 was over $10 BILLION, and thats one quarter for one company

its obscene and yes we are getting the short end of the stick.

1 X Drill Rig = $320.000 per day.
2 X Rig Tenders = $50.000ea per day.
2 Week Drilling program.
Ancillarys, well, Chopper hire, extra equip, supply, breakdowns etc etc, say $1,000.000. (Probably being conservative there)

The above was for 1 hole with no guarantee of success, do the math.
And this is going on across the globe with hundreds of rigs etc evey day.

$10 Billion seems a lot off money to us but in the overall scheme of things is not much, a fair hunk of that will be reinvested in exploration and research.

Dont get me wrong the owners/shareholders are getting stinking rich out of this, but is that not what Democracy is all about, if you want a slice of the cake buy some shares.......