The Smart Car
ernielane at VERIZON.NET
Wed Aug 20 10:07:31 MDT 2008
> And remember, these estimates -- how much oil is in the ground --
> are always eventually found to be ridiculously wrong, and alway on
> the short side. That is, there is _always_ more oil there than we
> think. There is no reason to think it's any different now.
> I was in the oil exploration business for years and I'll have to
> respectfully disagree with the "always on the short side" part.
I'm not talking about individual wells, but estimates on a larger scale:
an entire field or so. Obviously, when it comes to individual wells,
the dry holes wouldn't have been drilled unless there was some sort of
expectation of oil being down there.
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