I've read twilight in the desert and a number of other books over the last 4 - 5 years so have a good view on how this all fits together.
While I believe in peak oilI do also believe that as prices go higher demand can drop, technology can drive reduced usage and people can manipulate the market to give the prices they want etc.
All of this is however aside as the question is "if we do hit $100 or more and we are all off to the races" is SAE the best horse in the pack or are you only likely to pick up a placing rather than the winner.
They have shown that they can still make some money at lower prices and have low fixed costs which helps(compared to offshore etc)They also have low soverign risk which is nice, however the question is outside of a rising tide which will take up all oilers what else has SAE got to look forward to???
SAE Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
