what if he is right., page-8

Nothing new in the politics of world oil.

We are seeing a paradigm shift from conventional reserves(peak oil) to the unconventional shales, tight sands (off-shore included). The costs of the latter will drive the long-term price upward, other technologies excluded. I still think we will have the addiction for a while to come

Healyn's concern, as with us all, is the short-term effects on EGO's survival. With the current forces in play, management are going to require some real leadership skills.