Thread: News Donger on Suicide Watch: Oil Nears $100 a Barrel
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Old 09-02-2008, 07:59 PM   #72
Skip Towne Skip Towne is offline
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Join Date: Apr 2001
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Quote:
Originally Posted by C-Mac View Post
.....and especially when it only costs these cavemen $2.00 stinkin' dollars to pump a 55 gallon barrel of crude (less than .04 cents a gallon).
A barrel of oil is 42 gallons. And lifting costs are considerably more than $2. I was a partner in an oil venture and it cost $10,000 to drill each well. And they were only 600 ft deep. West Texas wells are 2 miles deep.
Last edited by Skip Towne; 09-02-2008 at 08:05 PM..
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