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: Rustee who wrote (95150)	1/21/2002 9:50:45 AM
From: Tommaso	of 95453

The way I look at it, you never "vanquish" poison ivy or sewage. But, yes, people keep coming in and cleaning it out. Maybe when the oilpatch gets more interesting again, discussion of that will resume. Right now, increasing Russian production and a softness in OPEC discipline is keeping prices and profits down--also with the astonishingingly fast increase in natural gas production last year. It's amazing how the world keeps pushing back the date when hydrocarbons will, finally, be extremely expensive to produce. But $50 a barrel oil seems at least five years in the future right now. That's when the Alberta tar sands will start to be processed.

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