Couple things here. First off, any judge, or person dumb enough to think the USA has some kind of CO2 bubble over the country, and is the only country causing CO2 drilling oil is a numbskull. Like getting it from Russias Siberia or elsewhere will help the planet somehow, God help them, and all of us, they are idiots running the show. Reading the arguments, it sure looks to me Global warming is the real issue, not the survival of polar bears, they can adapt well, BS meter alert.
Secondly, we are grandfathered in here I would think at this point, unlike the gulfs new mandate by judges saying no new wells. Who, imo have no business in this no new drilling nonsense. This really does help EEENF in their idiocy. Kills America, and the consumer with high prices, while enriching other countries, check, good one geniuses.
Thirdly, after venting a little here. I was just thinking, and since I do not know much about previous wildcat oil buyout deals, I will recommend a good one here anyway. That is, are we as golden as I think we are when I just think of this deal for a major buyout of EEENF.
It would go something like this. Say B/O by COP as one example. There would be little money down, say maybe 100- 200 million. The rest would be paid in dividends in recovered oil at certain price points. Say at the time of drilling it would scale from the spot price of oil. Example $50-60 a barrel= $3 for EEENF, 61-70= $4 Barrel
71-80 = $5
91-100 =$7 etc.
The point, and win win situation here is the low risk and start up costs for COP, or who ever, and potential big money for EEENF. In case any majors, or CEOs are listening to me here. Tell me the flaws in my thinking here, anyone. TIA, GLTA.
