oil is cheap , then its cheaper to look for it,

wrong, when oil, coal and natural gas prices are high companys make more money,  when these companys  earn more they are able to play there cards without taking such a big loss if there exploration turns out to be a dud,  the price for them to find, mine and refine oil dosnt change that much in a years time,   what does change is the oil price itself,  when the price of oil is high they can afford to spend big money buying drilling and exploring,  basically investing further into there product.. when it falls again and it will you can expect them to put a hold on less profitable sites, cutting back employe hours wages and possibly layoffs if the  price is down for an extended period of time.. only to see the price rise again and its off to the races.

strip miner is right. The down turn in oil prices is actually bad for consumers. Heres why. When prices get to low oil companies pull back their investments in new sites.  This reduces their immediate future costs however increase their longer future cost of development. Yet even though their future development cost will be high it is still more profitable for them because they can then demand a premium for their product. So as a consumer do not be surprised at seeing oil next time hit $150 and above for a longer time. Drilling isn't long range solution, but it is apparent necessity because no government is doing the serious investment in alternatives it would take to seriously reduce dependence on oil.

I miss the "drill baby drill" idea.

investor

If you can't beat them join them. I have invested in oil and commodities with only $9,000.00 and have earned $4,000.00 in the last two and a half months.

I feel very blessed.

i thought by spending more time with my wife i would strengthen our bond but shortly realized i liked being at work better come on oboma stop messing with the leases and just let us do our thing