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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Harold S. who wrote (52555)	10/7/1999 11:48:00 AM
From: oilbabe	Read Replies (1) \| Respond to of 95453

Harold: I have Oct. 20 as the earnings date for MRL, do you have anything different? Can't believe MRL could dip below the 200 dma, but I am being patient, finger on the button, mortgage.com on hold for extra $$$ to buy in here!!!>>VBG>>

To: Harold S. who wrote (52555)	10/7/1999 3:56:00 PM
From: Area51	Read Replies (1) \| Respond to of 95453

Interview with UFAB CEO archive.twst.com Article is not entirely specific to UFAB. For example this excerpt sounds like good news for FGI/HLX and OSX investors in general: Within the next decade, the production will have to increase an additional 42 million barrels a day to satisfy the needs of the world's ever growing population. This will require expenditures in the range of $2.5 trillion to increase oil production within the next decade. Worldwide we are using 23.6 billion barrels of oil a year. Oil reserves are now pegged at 1 trillion barrels. To date, we have used 800 billion barrels. This means that within the next decade, a minimum of 450 new offshore drilling rigs will have to be built at a cost of $123 billion. In addition, $25 billion will have to be spent for supply vessels and production equipment. About 80% of the oil produced today flows from fields that were found before 1973, and the great majority is declining. In the 1990s, oil companies have discovered an average of seven 1 billion-bbl. fields a year; last year they drained more than 3 times as much. Global discovery peaked in the early 1960s and has been falling steadily ever since. I didn't see a date on this (Edit 9/21/99). So sorry if it has already been posted. OTOH on a week like this (where many OSX stocks are being pumelled) some might like to stand back and look at the big picture.