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Nobody was talking about changing the price of oil, though. Just someone getting paid market rate for the additional barrels.
by DANmode 10mo ago
Nobody was talking about changing the price of oil, though.
Just someone getting paid market rate for the additional barrels.
- twodave 10mo agoFair enough, though production does impact price to a degree. For oil this is less important than some other commodities, but it’s still a factor. But this is really a tangent from the central argument that is: oil exploration isn’t so important if we already aren’t producing from many existing known sources, and exploration itself is only sort of loosely tied to selling the end-product in terms of sales.