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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Douglas V. Fant who wrote (50929)9/11/1999 12:44:00 PM
From: RBlatch  Read Replies (3) of 95453
 
Doug - Won't the man power shortage actually drive up day rates for the drillers as this will cause a rig shortage just as if there were no more rigs to be had?? If they're stacked in the yard and no one can man them, its the same as if they weren't there at all. Thus, the increase in day rates should be experienced sooner then expected, helping to offset the idled rigs. Your opinion would be appreciated. TIA
Cordially,
RBlatch
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