Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tulvio Durand who wrote (27576)	8/12/1998 12:15:00 PM
From: Mike from La.	Read Replies (2) of 95453

It's already been done. A group of small independents, who say they are going bankrupt due to crude prices, has gotten the Senate to approve a purchase of $28 million barrels, still has to go through the whole legislative process. I don't know if there is any way to get it quickly done, all they seem to have time for is going after Clinton, so I suspect it will be too little, too late. But, maybe it can get pushed through. The producers claim that 15-20% of US oil production is from marginal wells that have been almost completely shut in, permanently lost. I don't know when these shut in figures will start to show up in the numbers, to be confirmed. But, if you're asking for a favor from Congress, right before an election is the time to do it. Mike from La.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next