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: upanddown who wrote (43731)	5/2/1999 5:18:00 PM
From: AltLar	Read Replies (2) of 95453

I think to get a truer picture of the oil price trend we need to take a longer view point. If we remove the peak from 1977-1987 there is a clear long term upward slope on the price curve... oilworld.com As to increased discoveries due to technological advancement, well that seems to be a myth as well. In fact the discovery curve has been in sharp decline since 1960 and is not showing any signs of a reversal despite technological advances, (see Ivanhoe, World Oil supply chart in the following URL). Most of the geological petroleum experts now predict we are on the cusp of the production curve peaking and reversing direction just as the discovery curve peaked in 1960. hubbertpeak.com Like many others on this thread I think the OS sector will outperform nicely for quite some time to come. Larry

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