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SVTPerformance's Chain of Restaurants
Road Side Pub
Oil...Trillion (with a "T") Barrels
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<blockquote data-quote="CompOrange04GT" data-source="post: 15954682" data-attributes="member: 125997"><p>Oh no way. In South west texas they found the largest deposit of oil in america a year or two ago</p><p></p><p></p><p></p><p>They found that a while back. They didn't " Just find it" they built it on the deposit in hopes of 86 million.. For all they know it could be 6 million.</p><p></p><p>Sure their geologists and engineers may be making a bold prediction of 86 million. But it happens a lot where companies spend millions of dollars to drill, and hit a dead well.</p><p></p><p>And nobody is to say they will charge more... They cant just say " Oh we are going to charge more " </p><p></p><p>What it means is, if oil is " so and so amount per bbl. We can do it at this price which means when we sell at the going rate we will make so and so profit"</p><p></p><p>They can't just "charge more " than other companies, for Crude Oil, they can sign a contract at a certain amount. ( which is what screwed companies) </p><p></p><p>Also, I don't truly believe they can do all this work at 28, thats just a prediction. Epecially since they havent even done it. Hell the third sentence of the article " could change"</p><p></p><p>Honestly I'd love to know more about it since they claim no high temps or pressures. I'd love to really see how</p></blockquote><p></p>
[QUOTE="CompOrange04GT, post: 15954682, member: 125997"] Oh no way. In South west texas they found the largest deposit of oil in america a year or two ago They found that a while back. They didn't " Just find it" they built it on the deposit in hopes of 86 million.. For all they know it could be 6 million. Sure their geologists and engineers may be making a bold prediction of 86 million. But it happens a lot where companies spend millions of dollars to drill, and hit a dead well. And nobody is to say they will charge more... They cant just say " Oh we are going to charge more " What it means is, if oil is " so and so amount per bbl. We can do it at this price which means when we sell at the going rate we will make so and so profit" They can't just "charge more " than other companies, for Crude Oil, they can sign a contract at a certain amount. ( which is what screwed companies) Also, I don't truly believe they can do all this work at 28, thats just a prediction. Epecially since they havent even done it. Hell the third sentence of the article " could change" Honestly I'd love to know more about it since they claim no high temps or pressures. I'd love to really see how [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Oil...Trillion (with a "T") Barrels
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