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194 comments on A Compromise on the Drilling Question

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TenThousandMileMargin on July 24, 2008 - 9:32am Permalink | Subthread | Parent | Comments top

If oil companies are asked to pay billions up front in order to drill, with a ten year wait for a return on investment, they are not likely to bother drilling at all.

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tstreet on July 24, 2008 - 9:48am Permalink | Subthread | Parent | Comments top

The IOCs are running out of new places to drill, especially due to the dominance of the state owned oil companies. I am sure we can find a price point where they are willing to pay to play. Otherwise, they can start planning to go out of business. Another alternative would be to nationalize them.

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