re: #312 Cineaste
I have to stick up for the oil industry somewhat- they have invested zillions in enhanced oil recovery research. Most oil in the world has to be coaxed out of the ground these days- it rarely flows on it’s own. They do a lot to utilize existing wells to get as much as they can out of them so new ones don’t have to be drilled. Also, an offshore oil rig costs $1 billion. Easy peasy to drill thru a mile of ocean? Not so much these days.