Donger on Suicide Watch: Oil Nears $100 a Barrel

[Skip Towne]

Originally Posted by C-Mac

.....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.