/sci/ - Science & Math

>>4631817
>so-called shale oil, the better name is tar pits
No you're thinking of tar sands. You don't dig up oil shales. You nitro them than put steam through them. production cost is about 30 bucks a barrel.

>Recall that the oil companies were going bust when oil was below $50 a barrel.
Um no they weren't. You generally want about 0.30 cost for every dollar to make a 15% profit. Which is good for most businesses but in the oil patch we expect a 60-80% profit.

Basically femanon don't know shit about the business.