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

To: Tulvio Durand who wrote (8995)	1/21/1998 5:36:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 95453

Tulvio; RE:" Russian Oil BizBuzz " >>The consolidation of the C.I.S. (Russian) oil industry is BIG news, boyz... >what's your take on this news; It seems to me that Russia's oil production efficiency should improve with resulting increased output, thereby affecting the supply/demand so as to reduce OSX. OTOH, efficiency is not listed in the Russian dictionary. Vraiment, Tulvio. I've worked with their (metals) industrialists - but not their Gaz guys. Although they do not understand anything about efficiency ( they call our Management Science, " Taylorism " ) they understand one and only one way to lower unit costs - Economy of Scale : More kilos per hour; more kilos per man. Sometimes I get the impression that they all watched old episodes of The Untouchables for (god's honest truth) this is how they think kapitalism is supposed to work. The guys I have met all carry 9mm automatics. Send 'em some Texans is what I say, Tulvio! (^_^) They've been dragging their feet for years - though there was a big oil rush when the walls first came down. I think their consolidation may help our Machinery & Equipment business - and I hope our guys are already over there, lining up contracts. I would be. -Steve