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27 comments on From One of Our Insiders: Some Thoughts and Data about Prices and Exploration

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Glenn on November 1, 2005 - 4:52pm Permalink | Subthread | Parent | Comments top
So in a sense even though the high price has created an incentive to invest more in increasing supply, the base cost of creating that supply is now locked in at a much higher level than ever before.
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Will on November 1, 2005 - 5:06pm Permalink | Subthread | Parent | Comments top
Exactly.

And this is a profoundly inflationary development.

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Dan Ur on November 2, 2005 - 3:09am Permalink | Subthread | Parent | Comments top
And thus the Five year out Supply will be going down, Even short term supply will not recover.

If to many Medium sized Production projects don't come on line, We get a sort of peak drop off!  When we are counting the 100's of thousands of barrels and ohhing and ahhing over them, every last drop seems to be very important right about now!!  Look for this to hurt sooner rather than later.

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27 comments on From One of Our Insiders: Some Thoughts and Data about Prices and Exploration

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