Price of oil

busterb · 03-23-2005, 05:10 PM

It seems strange to me that oil is so high, but Baker-hughes rig count only shows 192 rigs drilling for oil the last of Feb. N. America only. 1083 were drilling for gas.
I remember when the oil & gas co's. gave the fluid that was in pipelines to transmission cos. because they didn't want to pay the price for the process to remove the condensate. They drilled through oil to get gas. IOW they gave the oil away. Gas BTW is not regulated, so therefore thats the reason they drill for gas. IMHO.

bb

03-23-2005, 05:10 PM	#1
busterb NSABFD Join Date: Jul 2004 Location: MS. usa Posts: 3,908	Price of oil It seems strange to me that oil is so high, but Baker-hughes rig count only shows 192 rigs drilling for oil the last of Feb. N. America only. 1083 were drilling for gas. I remember when the oil & gas co's. gave the fluid that was in pipelines to transmission cos. because they didn't want to pay the price for the process to remove the condensate. They drilled through oil to get gas. IOW they gave the oil away. Gas BTW is not regulated, so therefore thats the reason they drill for gas. IMHO. bb __________________ I've haven't left very deep footprints in the sands of time. But, boy I've left a bunch.

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