GREY:ROAOF - Post by User
Comment by
slamdanceon Jan 14, 2007 8:39am
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Post# 12013073
RE: Double whammy
RE: Double whammyYes, Good40. This concern also crossed my mind. OILs corporate health is based on the vagaries of oil prices (i.e. variable) whereas long-term costs for rigs are fixed. I hope there is something in those contracts so all parties share any pain. I know we will be able to count on the British government to cut the tax rate back if oil falls to $40/b. If not drilling will quickly dry up and divers will have plenty of time to count their money.