Quote:
Originally Posted by Lord Carnage
I'm not sure of your accuracy on point 2... seems to me that oil going for $100/barrel to $40/barrel (though not all $60 is gravy for these oilmen) would be offset or your $1 billion project would become a $400 million project (ish).
I think I agree with #1 and #3, but even if they aren't "strained", it probably isn't as easy a decision to make.
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The price of oil does not have a one to one relationship with this project. I swear, some people in this city don't seem to be aware that there is an economy outside of the patch.
A lower oil price puts a strain on the local economy for sure, but lower labour costs are also a
direct savings to the project.