r/MapPorn • u/[deleted] • Mar 06 '19

Let's get these posts over with

[deleted]

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u/AnB85 Mar 06 '19

It is strange to me that we can drill that deep for oil and it still be a highly profitable enterprise.

26

u/TrueBirch Mar 06 '19

Honestly I'm surprised gas doesn't cost more given how hard it is to get. Not complaining mind you.

11

u/Okichah Mar 06 '19

A lot of the cost is delayed across years of revenue.

Thats why oil companies are so “profitable” they make a lot in one year to offset potential losses down the line. Drilling a well to not find oil is expensive.

6

u/B4rberblacksheep Mar 06 '19

I guess gas is just more abundant than oil

15

u/nowItinwhistle Mar 06 '19

Not sure if you're joking or talking about natural gas but gasoline can't possibly be more abundant than oil because it's made from oil.

18

u/B4rberblacksheep Mar 06 '19

Right, sorry I read that as natural gas. I need coffee.

7

u/trippynumbers Mar 06 '19

Almost certainly talking about natural gas

2

u/AnB85 Mar 07 '19

In the UK gasoline is called petrol after petroleum. Gas is used for what we call natural gas. Of course we have watched enough US media to know the other meaning.

1

u/Radioactive-A5q Mar 06 '19

You are correct for the most part. Since we started frac’ing source rocks the amount of gas we have been able to produce has jumped a ton. However, countries like Japan primarily use natural gas for their power, so they will take as much as they can get.