The Best Way To Invest In Modern Day Oil Exploration

Although modern oil companies operate in a very different world from that of the villainous oil baron JR Ewing, the fictional Texan character can still offer investors some inspiration or act as warning in an industry where share prices can soar or crash in a day, depending on whether an explorer strikes oil or comes up dry.  Explorers love to frequently trumpet exciting prospects. The dirty truth, however, is that the typical success rate is just one in seven wells. Yet, even that grim statistic might be getting worse.  Just a week ago,…