What if Major Oil Fields were being Hidden from the Public?
americandream wrote: For the privilege of taking tea with the Illuminati? For the privilege of being able to use that exclusive handshake, or is it a wink or twitch.
Thanks to the internet, it is impossible to "hide" information in the traditional sense.mmasters wrote:Pure conjecture as I don't have anything to back up this. But what if there were major oil fields out there, already discovered and sitting in idle.
Peleg wrote:It is a possibility, but not likely given the way economies work. There is no historical precedent for it either.
Ronin wrote:There is no historical precedent for peak oil either but we all know it is true.
ROCKMAN wrote:Sure Dude.
Most important: as far as any well drilled on federal leases all the data is given to the gov't at the time the well is drilled. It might be a "tite hole" for Chevron but that means that won't release the data to other companies. Also, virtual all lease have a time clock on them: you either declare the leases productive and began a development program or you loose your rights to whatever there. Pretty much true for most private minerals as well as federal. An even bigger reason to make any discovery known by a public company is their desperation to increase reserve volume. Even though the price spike has bumped cash flow way, Wall Street still measures a company's value more on increasing reserve volume...not $ value. That's a big reason you'll see more and more company/field acquisitions even at absurdly high prices: the public oils have no choice...increase reserve VOLUMES or die.
Sorry for the delayed answer: I generally don’t do PO or any oil on weekends….family time. About the only way to not go off the deep end these days.
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