Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Second_Titan who wrote (81880)	12/15/2000 8:27:28 PM
From: tommycanuck	Read Replies (1) \| Respond to of 95453

Everyone thought Matt Simmons was dead wrong when he was saying there was a crunch looming in the oil market when it was $10. The next leg of his philosophy will also come home to roost with his contention that the infrastructure to deliver more from the wellhead needs significant expansion to meet the demand going forward. Don't forget that decline rates on new gas wells are hovering between 25 and 30% and the oil and gas services business is in a position where it needs to be busier than the norm just to keep up.