Larry
2008-03-19 14:38:03
BB is correct. When the wells were newer, they had more ability to crank up flow and control the market. They probably don’t have that ability now, and he’s also correct that peak capacity doesn’t have a direct correlation with how much is in the ground. Those are two separate issues, though they’re both related to the aging of the fields.
The important thing that we do know is that they’ve been poking holes for the past several decades looking for new significant reserves, and haven’t found jack.
