Do they spend more on energy than on executive bonuses and expense accounts?ROCKMAN wrote:Think about it: every component used to drill a well, either directly or offsite, has an energy input component, right? And so do you think all those manufacturing companies get that energy for free? Of course not. Do you think when those companies sell the components or lease the hardware they eat the cost of the energy input or do they add it to their price? Da...another easy answer.
So again guys...a little common sense: do you think the cost of every Btu consumed to create the entire oil/NG development dynamic isn't paid by the companies doing the drilling? And do you think all the service companies (drilling contractors, cement companies, casing companies, trucking companies, etc) are only charging the cost of the energy they consume in their operations? Of course not.
The bottom line: the monetary cost of drilling a well is much greater then the cost of all the energies used in the process.
Today's "Free Range" comic: