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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (50817)	6/8/2004 4:16:29 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Well, let me say this about that : $180 a bbl means that a 5 bbl/day stripper well generates $900 a day, or more than $250,000 a year... about a dozen of those, you could be doing okay. At $250,000 a year you can spend some money on fracs, treatments, down hole pumps, compressors, etc. These prices would make oil producion in Texas, Oklahoma, Pennsylvania, and even California go up. So I don't think we will even see $100 bbl. for over a decade. Not to mention the conservation side....