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Bob_Young · 07-14-2005, 12:38 PM

Sneaky, with relatives in western PA and in West Virginia, I've often heard of old wells in that area that will produce oil, but not at rates that make it worthwhile to pump them. But that was the story in the '70s. Oil wells used to dot that area when I was a kid, often running in peoples' front yards.

Now, with oil at $50 a barrel, is it still NOT worthwhile to pump them? Or has the EPA clamped so many restrictions on production sites that it is a losing proposition?

I can't help but think that this oil crises is something we're doing to ourselves with fanatical environmental standards.

Then again just think of the fuel that would be saved if ALL sporting competitions were suspended. Everybody from Soccer Moms to NASCAR drivers would get to spend a quiet evening at home.

I know, shouldn't think outside the box like that. [img]/forums/images/graemlins/crazy.gif[/img]
Bob

07-14-2005, 12:38 PM	#21 (permalink)
Bob_Young Veteran Member Join Date: Jul 2002 Location: North of the Fingerlakes - NY Posts: 1,084	Re: Oil price prediction Sneaky, with relatives in western PA and in West Virginia, I've often heard of old wells in that area that will produce oil, but not at rates that make it worthwhile to pump them. But that was the story in the '70s. Oil wells used to dot that area when I was a kid, often running in peoples' front yards. Now, with oil at $50 a barrel, is it still NOT worthwhile to pump them? Or has the EPA clamped so many restrictions on production sites that it is a losing proposition? I can't help but think that this oil crises is something we're doing to ourselves with fanatical environmental standards. Then again just think of the fuel that would be saved if ALL sporting competitions were suspended. Everybody from Soccer Moms to NASCAR drivers would get to spend a quiet evening at home. I know, shouldn't think outside the box like that. [img]/forums/images/graemlins/crazy.gif[/img] Bob