T-40 -- The worlds largest oil companies are drilling in the US Gulf of Mexico and spending plenty of money doing it. There is a deepwater drilling boom that started roughly 10 years ago and is still going strong. I am not saying that Exxon and Chevron and all the rest are run by Mother Theresa, I'm saying that the people who do run these companies want to be able to operate their business and make a profit, pretty simple. No US oil company or foreign oil companies operate in Saudi Arabia, only one player there, Saudi Aramco, most Saudi oil goes to the far east. Wells in the USA do get capped when prices are low mainly ''stripper'' wells, say a well that makes 2 bbls per day and the electricity or diesel fuel needed to pump the 2 bbls costs more than the 2 bbls is worth. These same wells would be put back in production when prices go up. There are thousands of these type wells across the United States. Economics 101. I would really like to know how you came to the conclusion that big oil was against drilling in the USA when they spend millions lobbying congress every year trying to drill.
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Today's Featured Article - Restoration Story: 1929 McCormick-Deering 10-20 - by Randal Simmon. On July 4th 1998 my dad and I was sitting on the front porch when he said that he was going to sell his two 10-20's to a junk man. He said that the junk man was going to give him $500 for both of them but he hadn't received the money for them yet. So I went into the house and wrote him a check for $500 and bought them myself and said now they are mine. He had bought them about five years before thinking that he was going to restore them himself. After five years sitting in the barn, he changed h
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