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Skeptical Science Debunks the Deniers

329
Claire11/30/2009 5:33:09 pm PST

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.