has awe set their sights on eka, page-6

"The USA will want to keep home production and exploration to a maximum for security reasons."

Not with that anti-oil nut in the whitehouse.

Gulf production is going to get hit hard.

The anti-oil tax provisions that will come into effect will hurt the small producers.

Next year will also see some of the biggest tax increases in the history of the USA be implemented:

http://www.investorvillage.com/smbd.asp?mb=2234&mn=294837&pt=msg&mid=9221700

These are going to impact the small. independent producers hard.

If I were one, I'd cut back production to a bare minimum, reduce my income so that tax hikes would have minimum impact, and wait for higher oil and NG prices as well as a change in tax laws.

Not only that but the chance of a huge inflation in the USA as a result of the failed polices and weak economic situation would make assets in the ground more valuable.

As a result of those idiotic tax policies you are seeeing lots of income and activity being pulled forward and the USA economy is still tanking.

Just wait till next year - double dip two and a huge fall in USA economic activity with lots of inflation if they go down the QE route.