"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
ink.net...
"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
nk.net...
I agree that refining capacity has been impacted by various
enviornmental
regs. These haven't affected drilling (and hence production) much
though.


Environmental regs haven't affected drilling? Are you kidding?



Let's see...where have I been. I was an energy analyst for about a
decade
and since then I have made a reasonable living investing in energy
companies. Where have you been? Listening to AM radio?


I don't get a good AM signal here.

Do your energy companies have to abide by more and more, or less and less
environmental regulation? Is it easier or harder to drill now than it was
back 30 or so years ago?

That isn't the point. The point is whether or not enviornmental
restrictions have had a meaningful effect on depressing drilling activity.
Obviously they have had some effect. The main depressent on drilling has
been the need to go deeper and deeper to find less and less.

Ask your energy companies how mush they do new drilling now than they did
in
years past.

See above. Budgets are up across the industry due to better pricing but
drilling will never reach the levels of 40 yrs ago simply due to the fact
that the resource has been largely exploited in the US.

Are you always so goddamn pompous?


Only when I am dealing with a jackass who considers himself an expert of
everything.without knowing anything about the subjects he pontificates on.
Face the facts, you have absolutely no idea what the cost or effect of
eviornmental regulations is on O&G drilling. Industrywide they are a
rounding error.


Mike
MU-2