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Getting Oil Is Getting Expensive
Over the past five years, the cost of drilling for oil and gas has crept right up to the revenue. What's going on?
11.07.10
The Oil Drum speculates that some companies may be embarking on drilling projects that won't pay off at all. As the cost of drilling keeps rising, and the return on investment keeps falling, that's going to make oil more expensive and slow down the economy. I hear there's free energy from the sun though.