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General Discussion

Wellstone ruled

(34,661 posts)

1. Yes and no,

Reply to Major Hogwash (Original post)

Tue Jan 13, 2015, 02:52 PM

Jan 2015

Yes,some rigs will be pulled and others will keep pumping. It's all based on the demand in a given region as well as what are the contracts and royalties to be paid on those wells. Texas oil heads to the Gulf refineries and in saying that,It's all about Cushing,Oklahoma and how much storage is available. BTW,two new Pipelines from Chicago are open or ready to open. Oil is Fungible like money and most of the Refining Capacity is either owned or controlled by Standard Oil and the Rockefellers. Still a rigged game.

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3 out of 7 oil rigs have been idled in Texas since August. [View all] Major Hogwash Jan 2015 OP

Yes and no, Wellstone ruled Jan 2015 #1

Driling rigs drill they don't pump oil. TexasProgresive Jan 2015 #2

Rig operations are tied to the supply demand. Wellstone ruled Jan 2015 #4

I know that TexasProgresive Jan 2015 #5

I'm in the oil and gas business GitRDun Jan 2015 #7

Thanks, that's what I thought TexasProgresive Jan 2015 #8

As it has always been. mmonk Jan 2015 #3

There seems to be confusion on terms Jim Beard Jan 2015 #6

They are not pumping the oil out of wells that have already been drilled into. Major Hogwash Jan 2015 #9