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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Snowshoe who wrote (54379)10/18/2004 10:33:44 AM
From: Tommaso  Read Replies (1) of 74559
 
>>>My sense is that high oil prices will lead to more investment to wring every last drop out of Prudhoe Bay, thus extending the payout period for BPT. That would explain the high price it's getting.<<<

Well, it's true that the limitation on income was going to be rising "lifting costs," and if oil prices are high enough they can just keep on pumping. Also, techniques (sand fracture, horizontal drilling) have come along in recent years that could prolong output. As I said, I have not researched it recently.
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