LAOIL + 33 OS December 14, 2017 Economy over environment? The new tax bill includes a provision to allow oil development in the massive Arctic National Wildlife Refuge ... which Big Oil is eyeing as a super prime oil venue. Passing this one off as vital to American energy independence, but at what cost? Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 14, 2017 Though not from an environmental perspective, might be able to answer the 'at what cost' question: Elsewhere in the US shale producers can in many cases break even I think at $50 a barrel, and sometimes even $40, but Arctic production will cost $60-$70 a barrel ... so it might be a non-starter unless oil prices have a fantastic turnaround. Quote Share this post Link to post Share on other sites
Seleskya + 50 AS December 14, 2017 can't beat 'em, join 'em ... Russia, Norway, no one else seems to care Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA December 18, 2017 On 12/14/2017 at 12:57 AM, Seleskya said: can't beat 'em, join 'em ... Russia, Norway, no one else seems to care When I think "tax reform," the first thing that comes to mind is drilling for oil in a wildlife refuge. Quote Share this post Link to post Share on other sites
Meanwhile + 49 PT December 18, 2017 Drill it, pump it, reclaim it, then preserve it. Quote Share this post Link to post Share on other sites