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: 007 who wrote (16361)	3/24/1998 8:49:00 PM
From: Thomas M.	Read Replies (2) of 95453

Yes, but if oil prices are driven up by artificial cuts in production, then when demand catches up, producers will just turn up the taps before they pay for exploration and drilling. If production is cut back, then ultimately so will drilling and exploration. All this is long-term, of course. I'm just trying to explain MB's point. Tom

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