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Alaska finding more oil
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<blockquote data-quote="Wildyote" data-source="post: 161558" data-attributes="member: 2259"><p>Lowering the tax did not entice anymore drilling here in ND. It is all about price per barrel and cost of production that keeps them drilling. I am probably preaching to the choir as you probably work out in the patch. I hope the price gets up there to $70 bbl and stabilizes and gets guys back to work. The state never figured out what it costs to produce that oil such as infrastructure costs such as road, utilities, schools, law enforcement, increased staff in many departments, and so on. It is good that the legislature got rid of the big trigger or our state would be in a big hurt bag.</p></blockquote><p></p>
[QUOTE="Wildyote, post: 161558, member: 2259"] Lowering the tax did not entice anymore drilling here in ND. It is all about price per barrel and cost of production that keeps them drilling. I am probably preaching to the choir as you probably work out in the patch. I hope the price gets up there to $70 bbl and stabilizes and gets guys back to work. The state never figured out what it costs to produce that oil such as infrastructure costs such as road, utilities, schools, law enforcement, increased staff in many departments, and so on. It is good that the legislature got rid of the big trigger or our state would be in a big hurt bag. [/QUOTE]
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