reply to post by atlguy
Yep you are probably right but who is going to protest.

Originally posted by Gregarious
reply to post by Ex_MislTech
Oil has been detected on moons around other planets. Moons that never had any life, that we know of. To say that it is a hydrocarbon is now bunk. The Russians are advancing the idea of oil being produced on a continual basis by processes we do not currently understand. It is wisdom to know the limits of your knowledge. It is also rare to have wisdom. If, in fact these wells are being replenished, it is at a rate below what we are pumping it out at. So naturally it appears dry. For awhile. Fills back up, and is a producing well again. What is so hard to understand about that?
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Originally posted by Rockpuck
reply to post by atlguy
When the oil companies drill the oil, it comes out at much, much slower pace. The PSI is extremely low compared to the PSI at the broken well. Basically, if the Rig took in as much oil as the broken well was producing, it would blow out in a second.
This is why no one knew how much oil was being leaked. There are instruments in place to regulate the pressure of the well, so that there isn't a blow out.. so they can say exactly how much oil is put into tankers each day, but they couldn't say how much is spewing now, because the pressure is forcing much, much more oil out.
I don't think they are lying about how much oil they produce.. we can deduce this much from the amount refined, stored, and company profits per barrel.