ISER looks at structural, technical changes in oil industryStudy concludes oil prices may “lurch erratically toward a new long-term course significantly lower than the historical average” Kristen Nelson PNA News Editor
The owners would probably keep existing North Slope oil fields producing even at sustained single-digit crude prices — but prices in that range wouldn’t be enough to justify continued investment.
That is one of the conclusions in a recently released fiscal policy paper by University of Alaska Ancho....
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Impact on Alaska? High prices drove changes Technology changes reduce cost of drilling, producing Alaska’s industry
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