Jump to content

Development List For Buildings In Houston


Recommended Posts

10 hours ago, toxtethogrady said:

So oil just hit $80 a barrel. Party time again?

I saw that too.  Not sure yet what impact, if any, this price increase is going to have.  Many company budgets are already set for 2022 with cautious spending programs and project economics based on $55/bbl +/- long term.  Unless the supermajors think this price level is going to hang around for more than 5 years or so, no one is going to want to risk spending megamillions on long term payout projects that only fly at > $55/bbl.  We've been here too many times before and been burned.  Remember, the cure for high oil prices is high oil prices and the cure for low oil prices is low oil prices.

  • Like 1
Link to comment
Share on other sites

  • 4 weeks later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...