Replies to post #160367 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Awesome post from another board:

Doubling production is most certainly a big deal to any company.

For instance in the oil drilling business it can cost anywheres from 500k-5 million to drill one well, even more to rig it up for production if you hit oil. Hit a dry hole and production takes a hit.

Take a drill project that hits 200 barrels per day for example, and produces that much oil for say 20 yrs, before the hole runs dry.

Oil companies will do anything possible to push their revenues forward 100%, they will drill more holes tapping the same reservoir, to cut the 20 year life down to as short as possible.

Any company that can build a machine for under half that 5 million dollar high cap, and produce that 200 BOE/day, and not have it's life cut short by empty reservoir syndrome, but instead keep making oil until the planet runs out of plastic? Never lose money on dry holes???/? never have to reclaim an oil lease?

When is earth going to run out of plastic?

[the big guy]

about the building for fabrication... it just seems that JBI, and mainly JB, seems to want to do everything himself. The engineering business is based on drawings. A construction package consists of drawings. The point is to be able to send the package to someone else to build it or construct it. He should be concerned with intellectual property, design, maybe procurementetc. There are tons of machine shops around that can fab things, there is no need to build your own facility for that.. when will this vertical integration stop?

seems like the wrong approach to me, but that is just my opinion based on about 8 years of being in construction/ engineering.