Replies to post #3800 on GulfSlope Energy Inc (GSPE)

[spec machine]

I think it’s all hanging on the price for crude and the foundation for it (supply/demand)

The global recovery drives the demand curve and the paid analysts have the tools to calculate the variables involved in the projections of supply at various pricing levels

At $40/bbl, the multi-decade low in offshore oil drilling will eventually impact the supply dynamics and push prices higher

I don’t think permitting is holding back anything

I just don’t think GSPE has pulled the trigger on commitment to drill yet

spec