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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (123977)	9/2/2009 2:29:15 PM
From: CommanderCricket	4 Recommendations Respond to of 206326

"You seem to be down on every positive development in the oil industry." Why the blinders? Really? - Wasn't I just discussing what an amazing well BP and its partners (along with RIG) managed to drill in the GOM? All I own is energy. What I do have an issue with is when a reporter writes that this well will ease concerns about peak oil. As far as NPE - the ball park I use are capital costs $300 - $350 million per pod producing 10k bbls/day for 30 - 40 years. With heavy differentials declining I would rather have the 30 - 40 year producing field then dealing with deep water offshore. Easy to apply new technology and in-field drill later but not with a producing field 30k feet down in 4k feet of water.