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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Platter who wrote (4063)12/1/1997 1:36:00 PM
From: Big Dog  Read Replies (1) of 95453
 
Today's spot price means little to the drillers flow of work. What is the futures price of oil 2-5 years forward...??? That is the price oil companies are using to plan these offshore projects.

Crude prices that far out are little affected by the gyrations of day to day news.

Now, I'm really leaving.
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