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To: AlienTech who wrote (3841)	11/8/1997 2:15:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Iraq is a fourth rate Asian country now. They don't even get respect from their neighbors. So like any bully, the bigger the huff and puff the more notice they get>> I would tend to agree with this 'down to earth' analysis of Alien...Oil Drillers should be looked at terms of the demand for energy, According to Monday's Investor's Business Daily: The market for rigs is strong and should remain so for the next several years. Demand is rising even in the face of tight supply and record rental rates. According to Offshore Data Services, average daily rates for a high-end rig in the Gulf of Mexico totaled $65,00 last month, vs. $40,000 a year ago." Drilling will remain strong as long as oil prices, measured by the West Texas Intermediate spot price, stay over $17 a barrel and natural gas fetches more than $1.70 per thousand cubic feet... Prices should easily stay over than benchmark."....technology continues to cut costs by boosting the efficiency of exploration and production efforts. It's also opening up subsalt deposits in the Gulf of Mexico for drilling, as well as deep-water deposits there and in the Atlantic's North Sea. Three dimensional surveys significantly improve the chance of finding and pumping oil. Producers review newly generated data to accurately determine the makeup of underground formations.. They study the time it takes for an acoustical signal to reach a fixed point... ..Horizontal drilling, another advance, lets producers more cheaply tap known but ignored reserves that were too costly to reach. While a horizontal well costs twice as much as a conventional one, it yields five to 10 times more oil. About 8% of the nation's land-based rigs drill horizontally (cousin companies that will enjoy growth along with the drillers themselves) The more immediate concern facing drillers is ensuring that they have adequate crews to staff rigs. that issue, for the second year in a row, was the biggest problem drillers cited in a recent survey.

To: AlienTech who wrote (3841)	11/9/1997 12:41:00 AM
From: dougjn	Read Replies (2) \| Respond to of 120523

Off Topic....NY Times OP ED piece on Sat (Not a Times editorial per se) indicated that UN/American arms inspectors were uncovering evidence of significant biological warfare agents in Iraq. Concerns re: Russian genetic engineering technology (not so tough as it sounds, relatively low tech genetic engineering required to do a nasty job here) bought on the black market. What Saddam is doing is buying time to try to hide what the inspectors where discovering, biological or otherwise. Seems quite apparent. Doug