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: Gator II who wrote (23261)	6/2/1998 11:44:00 AM
From: Robert Floyd	Read Replies (1) of 95453

Is price the issue for our service sector? Isn't the real issue here the fact that demand has decreased (due to issues such as the Asia downturn), causing a oversupply on the market? Even if the OPEC ministers succeed in raising oil prices by cutting production, doesn't the lower production lead to less work?

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