Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (402672)	7/29/2008 2:27:43 PM
From: Brumar89	Read Replies (1) of 1575621

Excuse me, but lots of rigs and drill ships are being built right now. The articles you've posted on this all indicate the current shortage will last a couple or 3 years which is not that long. If we began leasing new acreage next year it might be that long before drilling targets were identified. So the current tight rig market isn't a serious long-term barrier to new drilling. Drill rigs and ships are equipment the world knows how to build more of and because of high rig rental rates thats happening.

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