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The Water Cooler
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If You Are PLanning To Fill The Gas Tank....
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<blockquote data-quote="WhiteyMacD" data-source="post: 2838331" data-attributes="member: 7633"><p>So... you borrow money, somewhere $10million plus. You drill a hole. You start producing oil. You sell oil. You start paying off your loan. Oil goes into a glut. You still have outstanding debt. So you shut the tap? Say welp, guess in addition to laying off people, we will just go bankrupt, taxpayer can afford it! My point being, you just can't shut 'er down. You have bills to pay. </p><p></p><p>And I wont mention off-shore... where simply, you can't shut down.</p><p></p><p>I don't think you understand how that industry works.</p></blockquote><p></p>
[QUOTE="WhiteyMacD, post: 2838331, member: 7633"] So... you borrow money, somewhere $10million plus. You drill a hole. You start producing oil. You sell oil. You start paying off your loan. Oil goes into a glut. You still have outstanding debt. So you shut the tap? Say welp, guess in addition to laying off people, we will just go bankrupt, taxpayer can afford it! My point being, you just can't shut 'er down. You have bills to pay. And I wont mention off-shore... where simply, you can't shut down. I don't think you understand how that industry works. [/QUOTE]
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