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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: edward miller who wrote (105)10/23/2000 11:30:50 PM
From: GraceZ  Read Replies (2) of 74559
 
There is a fantasy out there that because we found oil in
response to the oil crises of the 1970's, we will be able
to do it again and again.

As the price of oil rises more expensive oil operations become profitable. I remember a trip to Texas following the oil boom and bust there. We were shooting pictures in an abandoned oil operation. The company guy taking us around gave us the price point for a barrel of oil to reach before the ground we were standing on became an oil field again.
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