samb

Oil Will Peak at $150-200 - Barron's Interview

Who,s getting this money. The oil companys say the saudi,s are getting it and the saudi,s are saying the oil companys are getting it. I understand there are production costs and the deeper you drill the more expesive it is, but how does anyone justify a barrel for $200. I worked on a oil rig and we would drill a extra 1000 ft but that would not make it twice as expensive. Someting is wrong here..