ping
Pretty impressive. I imagine many of their wells might flow without pumping (?), but don’t forget they don’t have EPA either.
Their wells are already drilled. No capital investment required. It’s no mystery. Their oil is almost 100% profit.
When you’re drilling wells and looking for oil, people are working.
The Saudis have a small population. We don’t.
the electric car does not need
al-Queda or al-Exxon
And they don’t even produce it - no matter how many muzzies are educated in the west, they still have to hire western engineers to pull it out of the ground for them.
Drilling rate is not something to worry about. The politicians who block drilling in the US both on and off shore are the ones blocking oil production. If we could drill everywhere and export oil we could produce more.
The Saudis make a killing on their oil. Cost of production is around $25 barrel, or so I’ve read.