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: RGinPG who wrote (15075)	3/17/1998 2:39:00 PM
From: upanddown	Read Replies (1) of 95453

Does anyone remember the scenario the last time WTI fell this low in late 1993 - early 1994 ? I assume the cause was overproduction and weak world economies. The base-building took about 2 months and then a rise to the 18 range took around 4 months. Does anyone recall whether the rise was prompted by a production cut by the big boys or simply increased demand from recovering economies ? TIA, John

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