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Obama seeks $10-a-barrel oil tax for clean transport
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<blockquote data-quote="Davy Crockett" data-source="post: 79922" data-attributes="member: 367"><p>Bad deal all the way around but if this actually happens it will be the end for almost all of the shallow wells and some of the marginal bakken wells in ND. Almost every well you see outside of the Williston basin are 30 - 100 Bbl a day wells other than a few sweet spots that might have a few 200- 300 Bbl day wells. The operators will be forced to plug and abandon the wells and that will cost mega $$$ . If this is only for oil produced in USA it will be way cheaper to import oil than produce our own and that would hurt the economy way worse than if it was on both in my opinion. WOW , Just about the time you didn't think things could get worse in the oil business.</p></blockquote><p></p>
[QUOTE="Davy Crockett, post: 79922, member: 367"] Bad deal all the way around but if this actually happens it will be the end for almost all of the shallow wells and some of the marginal bakken wells in ND. Almost every well you see outside of the Williston basin are 30 - 100 Bbl a day wells other than a few sweet spots that might have a few 200- 300 Bbl day wells. The operators will be forced to plug and abandon the wells and that will cost mega $$$ . If this is only for oil produced in USA it will be way cheaper to import oil than produce our own and that would hurt the economy way worse than if it was on both in my opinion. WOW , Just about the time you didn't think things could get worse in the oil business. [/QUOTE]
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