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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: Enigma who wrote (53431)5/31/2000 11:59:00 AM
From: William JH  Read Replies (1) of 116779
 
Enigma - Last year, when oil and gas prices were very low, every, I mean every, producer cut back on their exploration, drilling, and capital budgets. Some delayed hooking up wells until prices improved.

For this reason, most E & P's are producing less today than one year ago. Don't take my word for it, check it out for yourself.
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