[Timpanagos1]

With all these new leases, how far do you think the cost of a barrel of oil will fall from its current $52.00?

[luvbach1]

With all these new leases, how far do you think the cost of a barrel of oil will fall from its current $52.00?

There will be more leases than those already granted. but after they get going, IMO crude should drop to $20/barrel or less.

[Ozark Tom]

Has anything happened to lower the breakeven for offshore below $70 bbl???