Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: enervestor who wrote (56526)	12/9/1999 2:51:00 AM
From: upanddown	of 95453

This might be of some help to you though it is not completely up-to-date. wtrg.com I don't think it will show that current prices are cheap historically if you are looking at 50 years. Remember that for the first 25 years, prices were very stable (barely fluctuating between 2.50 - 3.00) since major producers were basically controlled by the seven sisters. The last 25 years are totally different since OPEC producers declared their independence of Big Oil in 1973. That is not about to change so I think average prices since the first oil embargo are more meaningful. John

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