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August 28, 2007

Oil is getting harder to get

The largest oil find in decades is 5 years behind production and may never come online. Read about the Kazakstan find in the Caspian sea. Just another example of how the next barrels of oil we get out are going to cost more to get than the last ones. This oil comes with a special complication: potentially lethal, with high concentrations of hydrogen sulfide gas. So workers carry oxygen canisters and gas detectors and do daily evacuation drills. High-tech getaway boats stand ready to whisk them to safety. The place feels more like a hazardous-chemical plant than an oil rig. Fun huh?

Posted by Martin at August 28, 2007 11:46 AM

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