2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: koan who wrote (58564)	12/2/2009 4:15:36 PM
From: Snowshoe	Read Replies (1) of 217755

>>There are 80 billion barrels of heavy oil overlying West Sac and I expect the oil companies to continuing building infrastructure to go for that again with new high oil prices.<< I think they'll it hold it hostage until Alaska backs off on the tax regime... Oil companies curtail work on North Slope adn.com John Minge, president of BP Exploration (Alaska) Inc., told RDC members his company has three big challenges in Alaska right now: oil production continues to decline, costs are rising and taxes have increased. He said it is more appealing to an oil company like BP to invest money in the Gulf of Mexico than it is in Alaska right now, because the tax structure "is more inviting there." He said the North Slope's vast amounts of heavy oil is not economic to develop right now given current oil prices and the state's tax structure.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next