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LA Blackout	by VivianC	2006-11-19 12:55:59
A non-biased question	by Kickstart	2005-09-12 13:41:03
Can't give a non-biased answer.	by VivianC	2005-09-12 13:59:00
I read recently	by spiffikins	2005-09-12 14:30:53
I've heard the same thing.	by VivianC	2005-09-12 14:44:46
The margins on the old fields are too small for the big boys but can still float small companies nicely, as long as prices stay high. I remember also reading that many American wells shut down when oil falls below a certain price (IIRC, $45/barrel) because they can't meet operating costs on their small scale. At $60+ a barrel, I'll bet they are all working pretty hard right now.
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