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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (56996)12/5/2001 5:39:12 PM
From: mitch-c  Read Replies (2) | Respond to of 70976
 
I can see a link there:

Oil service depends on oil profits, which depend on oil price. Almost the same kind of vertical dependency as the semiconductor industry.

Since oil prices have dropped significantly (with Russia and Mexico blowing off OPEC), the profits available to service oilfields - or incentives to explore - are lower too.

- Mitch