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  • Why "Drill, Baby, Drill!" Does Not Translate Into Effective National Energy Policy [View article]
    Even with higher crude prices, there are major time delays before a well is spudded. First, find it and make sure has good prospective reserves (time), Second, get leases (times). Third, get the equipment, people, roads, infrastructure to begin drilling (time).

    There is NOT an infinitie number of rigs to go around... So you have two major constraints (rigs available for that type of operation) AND time it takes to get permits and permission.
    Sep 23 10:40 am |Rating: 0 0 |Link to Comment
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