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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SliderOnTheBlack who wrote (25953)7/19/1998 2:05:00 AM
From: Chuzzlewit  Read Replies (1) of 95453
 
Slider, the article really explains what I was trying to say. It is not the production of oil that is important in this sector, it is the rate of utilization and its impact on the projected time in years of conventional oil. When this number decreases to a certain threshold the drilling sector will become hot. That can happen in one of two ways. Either the Asian economies recover or barring that, a sufficient amount of time elapses to reduce conventional oil below a certain threshold level.

TTFN,
CTC
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