[artplumber]

Originally Posted by sammyg2

If you had any clue about what you were talking about you would not be rolling your eyes.

Yes, I'm no insider to the costs of oil production.

I would remind you :http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/ Exxon shatters profit records
Oil giant makes corporate history by booking $11.7 billion in quarterly profit That was in a quarter. At a loss of $210K/day it's something over 150 years before that quarterly profit would be used up

As to wage increases and pipe costs etc, somehow one wonders if finding cost improvements won't be easier, when it is harder to pass on the costs to the customer.