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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (25277)1/10/2003 12:27:29 PM
From: Sharp_End_Of_Drill  Read Replies (1) of 36161
 
Scary isn't it Frank? Very high crude and gas prices, and the majors just aren't spending.

I expect a backlash from the politicos any time now. Charges of profiteering, keeping prices high during a recession, raping the consumer, etc. etc.

The money the majors are saving at this point would be well spent generating a little public good will by being seen to be helping the situation - not hurting it.

Sharp
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