Gas is $2.30/gal in Russia right now. What the fuck are we doing here in the West? Basically....the cost of sinking a well in the USA has become untenable. They are trying to convince everyone that it's due to lack of permitting, but it's really the investment money that has disappeared. Extraordinary costs mean shitty ROIs. I'm seeing a pattern emerge....everything is too expensive to do now.
5 hours ago, 01AA
7 hours ago, Mike White
Gas is $2.30/gal in Russia right now. What the fuck are we doing here in the West? Basically....the cost of sinking a well in the USA has become untenable. They are trying to convince everyone that it's due to lack of permitting, but it's really the investment money that has disappeared. Extraordinary costs mean shitty ROIs. I'm seeing a pattern emerge....everything is too expensive to do now.