It's the same old cycle. Non-operators want a bigger piece of the action. High oil and gas prices induce change. National oil companies increase their activities. Governments increase their stake in production, and service and supply costs climb. The cycle stays true to tradition. This time around, that cycle combines a high level of demand with a low level of discoveries, said Pete Stark, vice president of industry relations with IHS Energy, as he introduced the 2006 North American Prospect Export International Forum in Houston.
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