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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (58564)	12/2/2009 11:07:47 AM
From: elmatador	Respond to of 217619

Dubai is sign that the tide has turn for the Arabs. Along with them goes Big Oil. The unholy alliance between Anglos Big Oil and the Arabs have caused much trouble. Too much money went into that direction to be rfecycled into Anglo countries. Now Dubai case shows thew tide is finally turning. Time to go back to the tents.

To: koan who wrote (58564)	12/2/2009 4:15:36 PM
From: Snowshoe	Read Replies (1) \| Respond to of 217619

>>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.