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Uinta oil and gas firms take $4,000 fee in stride
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The real fact is that the higher the price of crude oil, the higher the costs are for the oil companies because the price of services increases substantially. It costs well over a million dollars to drill and complete a single well with no guarantees that the well will even pay itself off. Technology (i.e. expensive) has helped the success rate of wells substantially, but has also dramatically increased the cost of drilling. Then you take into acount the cost of transporting, refining, transporting, and marketing the oil, it is amazing that they make any money. Oil is cheap. It has always been cheap, and it is still relatively cheap. Try filling you gas tank up with bottled water and see what the price is per gallon.
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