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


To: kormac who wrote (75377)10/3/2000 12:39:26 AM
From: Webster Groves  Respond to of 95453
 
Just for laughs ......

With WTI at $32 today, one industry executive speaking at the conference said that, despite the perception, he believes high prices are detrimental to the industry.

"High prices result in increased costs, increased competition and imbalances," said Curtis W. Mewbourne, president, Mewbourne Oil Co. "You make most of your money in down cycles when oil is $10 to $12 a barrel."

slb.com

-wg