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Development List For Buildings In Houston


Urbannizer

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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.

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