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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (2451)	3/27/2001 1:09:15 PM
From: energyplay	Read Replies (2) \| Respond to of 23153

Excardog -look at oil vs. gas decline- In your pointer to the Railroad commission info - >>When one starts to look over the depletion rates in Texas for example:http://www.rrc.state.tx.us/divisions/og/information-data/sta... One starts to get a funny feeling that we are closer to a serious problem then any of us understands. Gas has declined a few percent, oil down about 20% - With 80% of the rigs drilling for gas, this is an expected result.. Interesting how we shift from an electricity shortage to a gas shortage to an oil shortage (and maybe a refinery shortage too) if the world economy recovers, or something happens in the Middle East, we could have a very nasty oil shortage...maybe some opportunities in stocks that are weighted toward oil or both oil & gas (Apache) To fix this decline problem, we will need a lot more drill rigs - maybe 500 more ? and it looks like we may only add 150-250 rigs in the next year The good news for those of us on this thread is that there will be new opportunities in the energy area for years...