Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - Forget eels, this is worse: Exploration on Georges Bank OK'd

beamie · 08-15-2005, 08:21 AM

Unfortunately any "extra" oil drilled here in the US will not have any effect on the price of a 42 gallon barrel. Allot of new oil well are being dug as we speak in the US. Allot of wells that were closed are being reopened in the US, Why? Not to reduce the price with US oil but because whoever owns the well can make allot more money at $65 a barrel than $30, cha ching........

08-15-2005, 08:21 AM	#6
beamie Registered User iTrader: (0) Join Date: Mar 2004 Location: Marshfield, MA Posts: 1,748	Unfortunately any "extra" oil drilled here in the US will not have any effect on the price of a 42 gallon barrel. Allot of new oil well are being dug as we speak in the US. Allot of wells that were closed are being reopened in the US, Why? Not to reduce the price with US oil but because whoever owns the well can make allot more money at $65 a barrel than $30, cha ching........
	Jon, 24' Nauset-Green Topsides, Beamie, North River. Channel 68/69. MSBA, NIBA