Quote:
Originally Posted by bhutocracy
Not that anyone gives a fuck, as the argument was ages ago and long forgotten, but here is the result of the oil drill you fucking INSISTED was a find, and "it's not 1910 anymore and we can see the oil before drilling" and we were all idiots for denying it even though I laid out all the facts and have actual experience investing in the sector and explained the facts of oil drilling:
Shell Halts Alaska Offshore Exploration After Failing to Find Enough Oil - Bloomberg Business
Basically, it's a dry well and your "billions of barrels of oil" didn't exist so they're not going to bother doing any more exploring. They're blaming regulations but if the oil was there they'd drill the crap out of it.
I wouldn't normally bother but the news just came out and jogged my memory of your ridiculous stance and it's just rare to have two people argue something with both people saying "you don't know shit" and then have a definitive result that proves one side right and shows the other side they were full of shit
tldr neener neener.
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i'm gonna need to see the original thread so i can sort this out
at the same time, a dud well doesn't mean there isn't billions of barrels of oil there.
according to the article, there were 3 reasons they stopped exploring- this well, the cost of exploration v oil prices, and the monster risk involved combined with the ridiculous regulatory climate of drilling there.