PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Ish who wrote (38780)	9/21/2000 10:25:00 PM
From: Brumar89	Read Replies (1) of 769670

Just thought I'd point out fwiw that oil prices are vitally important for oil service companies. They prosper or falter based on the price of oil. Oil prices drive drilling budgets. And drilling budgets are what oil service suppliers live on. High oil prices mean great earnings, good stock market performance, and employment expansion for these companies. Low oil prices bring massive layoffs, red ink on the income statement, and lots of bankruptcies.

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