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The Water Cooler
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Gas prices
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<blockquote data-quote="rlongnt" data-source="post: 3813080" data-attributes="member: 665"><p>I'll shoot... The sweet spot for oil producers is $65-$85 a barrel. Why is that? Because above that everything else goes up and margins go down. Third party, manpower and materials all go through the roof. It also makes things take 3x longer to do because of those same constraints. Another thing nobody talks about is the need to constantly be drilling new wells at inflated prices to maintain current production. Wells taper off requiring constant drilling just to keep up with current output.</p></blockquote><p></p>
[QUOTE="rlongnt, post: 3813080, member: 665"] I'll shoot... The sweet spot for oil producers is $65-$85 a barrel. Why is that? Because above that everything else goes up and margins go down. Third party, manpower and materials all go through the roof. It also makes things take 3x longer to do because of those same constraints. Another thing nobody talks about is the need to constantly be drilling new wells at inflated prices to maintain current production. Wells taper off requiring constant drilling just to keep up with current output. [/QUOTE]
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