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

To: Rosemary who wrote (8311)1/15/1998 5:13:00 PM
From: The Perfect Hedge  Read Replies (1) | Respond to of 95453
 
It's even a longer shot than that.He said if it fell BELOW 15 or 16 I can't remember now but it would have to drop and stay there for 60 days.What are the chances?GD



To: Rosemary who wrote (8311)1/15/1998 11:42:00 PM
From: Tulvio Durand  Respond to of 95453
 
They both said the same exact thing. Should oil prices stay this low, eventually it won't be worth it for the drillers to drill. That's not what I heard. This morning on CNBC RDC's Palmer said that if oil were to drop below $15 and stay there for six months -- only then would there be repercussions felt by the oil drillers. Tulvio


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