Quote:
Originally Posted by AlanE
There are so many deep water drilling platforms because the high cost of extracting that oil is still less than the market price of oil and so there is profit to be made.
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Yes I think so.
But the name of the game is not just to make profit, but to make the maximum profit possible.
I'm still not satisfied that deep water drilling is not the biggest boondoggle ever seen. Because much more profit can be made (we could buy oil much cheaper) if all that effort was put into drilling on land.
I mean the price of oil has skyrocketed since they started that deep water drilling fiasco, and American taxpayers are supposed to foot the bill.
-AC_Hacker