54 comments on The Marginal BTU - The Return of the Red Queen?
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54 comments on The Marginal BTU - The Return of the Red Queen?
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The world waits with bated breath for USA to nationalize the oil and gas industry. The state owns your mortgage, they are in the process of adding Wall Street to the taxpayers bill. Just add several hundred trillion and the state can own every E&P play. I'm sure Palin knows what to do with a duster.
BOP - I would have to wonder what Mrs. Palin (or her hubby) would do with the hundreds of "marginal" wells throughout the oil and gas producing regions. And, if you do not nationalize everything, how can you nationalize anything? I was pretty much shouted down for even broaching the subject of nationalization some months back. I do think at some price, the idiots in Washington will do just that, but it may take in excess of $ 500 (five hundred) / barrel. Also, if nationalized, what happens to that production when economic activity then slows to a crawl and we have $8.00 oil again?