Quote:
Originally Posted by Kevin
Some oil companies spend a lot on R&D to develop alternative fuels. Shell apparently has developed a technique to extract oil deposited in shale formations. It isn't cheap to build offshore drilling rigs.
The oil business isn't wildcatting anymore. It costs a lot of money to find a good well.
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And they've also said that extracting the oil from shale is much too expensive to do it at this point, so they aren't currently expanding on that horizon.