Jun 27, 2013
Txkrb, I read your post to sks1586 and I agree that is partially true. But if you go back to the 1990's we had oil at $20-$40 a barrel, we were not shutting those marginal wells down. but true is the fact that more money to work with does allow for more exploration. And true at the price point of $80 -$100 a barrel a lot more can be explored...take the oil sands in Canada for example...but at this point lets be efficient and transport this new found oil by pipeline not trains and trucks. Now that could cut costs and lower the price.