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

To: Sharp_End_Of_Drill who wrote (76493)	10/17/2000 11:33:04 AM
From: edward miller	Respond to of 95453

Maybe even the big boys talk to their bankers <ggg>. I certainly believe that if the people in the oil and gas industry have learned their lesson, then drilling will be slow to develop and we will be living with "just enough" energy for a long time. It is hard for me to understand how the traders in the pits have done anything but serious damage to the business. It seems that if there is even one barrel of excess oil, then suddenly the "value" is pushed to zero. The industry can do fine with $25-30 per barrel, but $10-40 is impossible. These people just whipsaw emotions in order to extract huge trading profits.