[TheForge] OT--Gas prices, gas shortages, price gouging?

[Larry Brown]

When I lived down there in the late 70s a person I met from the Oil/Gas 
company (Can't remember the companys name.. Columbia something maybe?) was 
walking the woods checking the wells. When I inquired about all the capped 
oil and gas wells, he said that when they tap a well they get to write off 
the current cost of drilling, exploration and tapping even if it had been 
there for years. He said we'll be ready to go when the rest of the world 
runs out and that the oil there is better for lubrication than fuel and 
that it will always be needed. Lot of pipes sticking out of the ground 
where I was
L Brown

At 10:05 AM 9/14/2008 -0400, you wrote:
>There seem to be covert policies in place.
>
>For example, I'd bet that not too many of you knew that WV has LOTS of 
>oil.  Companies are drilling here all the time, and ever well they tap 
>gets capped and buried and marked.
>
>Jonathan Barnhart wrote:
>>Drilling platforms and refineries are two differant things.  The 
>>hurricane shut down refineries in Texas not drilling.  Even if it was 
>>just drilling, we'd be getting shipments of oil from somewhere 
>>else.  Yeah high oils prices will drive gas prices, but the oil execs 
>>closing refineries and keeping them closed has done more to run our gas 
>>prices up.  I'm for the pickens plan(look it up online right now).  I'm 
>>also for renewable alternative fuels too.  Hybrids aren't enough we need 
>>hybrids that run on alcohol, hydrogen,natural gas, propane, biodiesel, 
>>vegatable oils, and anything else we can think of.  Besides, there is no 
>>actual law against drilling offshore.  It's heavily frowned upon and used 
>>as another excuse to gouge prices.
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