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Like you, I believe the increasing cost of extracting the remaining reserves of oil from old producing fields, will drive the cost per barrel upward to $200+ /barrel.
Aug 30 15:34 pm
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All Comments by Danny/The Digger »Despite Lower Oil Inventories, Dollar Surges [View article]
That "goal" will be slower to reach now that the huge Bakken reserve is (Montana, N Dakota, Manitoba & Saskatchewan) is now online.