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Part of the reason these new fields are being developed is that the price of oil will now support them. I wonder what these newer, more expensive methods of pro

Part of the reason these new fields are being developed is that the price of oil will now support them. I wonder what these newer, more expensive methods of production will do to the long-term price of oil? Anything to break the near-monopoly of oil from the Middle East is good, but will it come at a price?

InclinedPlane 14y ago
As production from a new method ramps up the cost typically goes down, due to amortization of initial fixed costs and efficiencies developed through experience.