[Smokin' Joe]

Link please. I really have a hard time understanding how anyone came up with that figure considering the variables involved. That sounds more like lift costs (production) than drilling.

[Dave Olson]

Hmmm. I'd assumed the production and drilling costs were the same. I can see where that could be wrong.

I couldn't find the source I had for the $6/barrel worldwide average cost for oil production. However, this link shows the production cost for Saudi Arabia at $1.50/barrel.