Download now: Cannabis Cash

The Depth of Oil Wells

There's always a lot of chatter about drilling for oil. The environmentalists say we're drilling too far, the oil companies think we're not drilling far enough...

While OPEC and Russia are cutting down on oil production, the U.S. has been spending 2017 speeding it up.

Why? They can make a profit when prices are between $40-50...

OPEC? Not so much...

You might wonder why oil producers make such a fuss about prices in the $40-50 dollar range... After all, if oil is $40 a barrel, but they're pumping out 35 billion barrels a year... well that doesn't sound like a bad payoff to you and me....

But that's before you take into account how far oil companies have to drill for oil. 

Did you ever wonder how far down they actually drill? I guarantee it's a lot further than you think. 

Take a look below. 

(click to enlarge) 

death-of-oil-wells-infographic-eac


Copy HTML code below to share on your website or blog:


Related Articles

The Biggest Bubble in History Will Crush the World Economy

Energy and Capital editor Christian DeHaemer warns you about the biggest Ponzi scheme the world has ever seen, a scheme very similar to CDO's...

Back on the Oil Bull

They laughed when Christian DeHaemer said oil was falling to $33. It did. This is what he is saying now... and it would behoove you to listen this time around.

Bullish on Oil

The drive to cash in on Saudi Aramco in 2018 is the biggest driver of the country's oil manipulations. If it sold just 5% of the company at $100 billion, it would be 4x as large as the next biggest IPO in history, Alibaba.

OPEC Cuts, Will Russia Bluff?

Energy and Capital editor Keith Kohl takes a look at whether Putin will honor OPEC's deal and discusses the various elements that will factor into his decision...
Elon Musk's Lithium Revolution is Upon Us

Question of the Day

How much student loan debt does the average millenial carry?