From New Energy And Fuel:
Not enough people. The drilling for oil has sucked up every qualified drilling person worldwide.Most of the best and easy or shallow locations are working or spoken for leaving the great mass of the available locations deeper than the short depth guys and their equipment can go. As an example, Exxon Mobil has completed their latest directional drilling project off shore of Siberia into the Sea of Okhotsk.
The new Exxon Mobil well is only 8350 feet deep below the sea bottom, but 38,322 feet out from the wellhead at the surface, some 7 miles out to sea. It’s sort of a well plus pipeline. Keep in mind that Chevron has drilled straight down 34,189 so the ability to get to the oil and hot rocks is out there. One has to wonder how far the horizontal sections could get. It’s fair to say, plenty far enough....MUCH MORE