Quote:
Originally Posted by beamie
If the price dropped to $50 a barrel they would shutdown allot of wells for they aren't profitable enough.
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Very true.
One thing it is doing is making them drill deeper, less profitable wells, because right now they are profitable. Recently the soon to retire Shell president, when asked about Alaska, said 'Screw ANWAR, we want to drill offshore on the North Slope' That is a decent enough source, but I think the choke point still lies at the refinery. Right now they can drill it, they can't refine it...
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