Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Political Discussion
Reply to "How does taking the oil work?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][youtube]https://youtu.be/_xwocCtzC0s?si=5s89o3AxmBVZi-Ww[/youtube] This is an oil industry expect talking about Venezuela oil. It's a full cycle investment and oil will cost $80-85 a barrel. It's a proven area but you have to start from scratch - drill new wells, install all new infrastructure, pay high per acre lease because it is proven not exploration ($55,000 per acre vs $5,000). Also there is nothing stopping Venezuela from nationalizing everything in a few years. Basically oil will have to be $100 a barrel before companies are interested. Meanwhile Canada heavy oil is 1/2 cycle and cost $27 a barrel. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
