things could be back in time .....
SC , just hearing that Matariki is delayed subject to JV further discussions re rig costs and a later time [ if HZN were to get a deal on PNG , exploration could be back here ] ; Spikey Beach is now programmed for 4th Quarter 2009 , this too could be about type of rig available , cost , and slots , etc.,.
T Boone keeps faith in $75 oil
T Boone keeps faith in $75 oil
News wires
Texas oil billionaire T Boone Pickens today reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale back production.
Reuters quoted Pickens as saying in reference to Opecproducers: "They told you they want $75 by the end of the year, I would count on that, I believe them."
Opec has scaled back output to help support crude prices, which have dropped from record highs over $147 a barrel in July to around $47 a barrel today.
"I think you are going to clean up the stocks because the people who have the oil are cutting supply," Pickens said at an alternative fuels and vehicles conference, referring to the nearly 19-year high on US inventories of crude oil reported last week by the federal government.
The US would likely burn through its supply overhang in three months, he told Reuters.
CUE will be doing very nicely when oil returns to US$75 / bbl ...