Wednesday night’s Black Gold episode featured a fracture job on one of the wells. Unfortunately they used Cudd and not Halliburton, but they had a good, quick description of fracturing.
Mexico’s petroleum is owned and produced by the state, rather than private companies like American oil. Because of this, it can’t react to changing conditions such as a one-third drop in production as reported by the Financial Times.
If we desire speculators not to bid up oil supplies, we need to throw off our shackles and drop the restrictions on supply and demand. Speculators need a reason to believe prices will go down.
At some point I hope the show gets to detail an operation that goes as it should. Otherwise it looks like we do our job so haphazardly it’s a wonder anyone survives. I’m pretty sure our guys in the Gulf of Mexico and in the Arctic would cringe at all the spilled fluids.
With different areas of Missouri wanting different things, the best thing to do is for the state to get out of the mandatory E10 business and let individual cities decide what they want to regulate.
