I had a real interesting talk with someone last night. He is an oil rig driller and "chain linker" who works in Texas for a firm contracted by exxonmobile. He is a friend of my gf who is here on vacation.
Basically he told me they do monitor how much oil they pump out and he explained how they drill now utilizing the "mud" to keep the pressure at bay. They typically start in an area that has already been defined with oil based on test samples and modern infrared scanning of the soil. They can tell by the concentration samples of the mud as they drill how close they actually are footage wise before they hit oil. They are ususally accurate to 2 inches.
in fact...there is enough domestic oil to supply the us demand. Texas alone in the desert has been verified to the extent of the supply chain not to even mention AK and other pockets domestically. Their cost per barrel is the same as the saudis...
Believe it or not its not the environment(in his opinion) that holds up domestic drilling..its george and co.
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