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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (18615)9/11/2002 2:18:43 PM
From: russwinter  Read Replies (1) of 36161
 
<Stumped for Answers on Drilling Slowdown>

Explainations seem clear cut to me: A general adversion to risk taking is developing in our economy. In energy this is amplified by the boom/bust swings in prices. No sooner than these outfits crank it up, the rug gets pulled out: hearing footsteps. A reason why I think serious shortages (caused by supply issues) will develop over next year or so.
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