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Gold/Mining/Energy : Ensco International Inc. (ESV)
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To: Chuzzlewit who wrote (1329)6/22/1998 11:56:00 PM
From: Gottfried  Read Replies (1) of 2005
 
Chuzzlewit, you said >So my argument is that anything that increases the rate of consumption of oil helps the drillers. This includes decreasing the price of a barrel of oil.<

Sure. Even if oil companies turned into charities, drillers
would be kept busy as long as demand stayed high. But charities
would balk at the high day rates, so drillers would have to
accept lower pay.

GM
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