Interesting to note oil price comparisons to past spikes which has been inflation adjusted still some way off the peak in 2008 ($180 in todays term)- and for those mentioning demand destruction the price held at around the current pricing levels from most of the time period between 2006-2014 (8 years).
Develop what we have, employ capital to fully develop the fields we are producing from and introduce a dividend going forward .....
Technical update, page-114
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