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Re: Spec29 post# 36188

Friday, 03/24/2006 3:39:08 PM

Friday, March 24, 2006 3:39:08 PM

Post# of 367103
Can anyone make an educated argument about how such a gigantic find may affect the prize of oil, and how a drop in oil prize may affect the profit for recovering oil from deep-sea wells? Reason I am asking this question is a simple supply-demand scenario. I assume that lnd-based oil producers would drop their prize per barrel in order to stay competitive, which would reduce the profit for deep-sea recovery of oil.
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