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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Ahmed Elneweihi who wrote (39131)3/7/1999 8:08:00 AM
From: Crimson Ghost  Read Replies (1) of 95453
 
If Slider is correct that $10 oil ultimately leads to $20 oil as cap speending is slashed, would not $5 oil ultimately lead to $40 oil as US, North Sea, and Russian production shut down. The Saudis have only about 2 million bpd of extra capacity; while higher cost shutdowns would amount to much more than this.
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