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

To: SliderOnTheBlack who wrote (25953)	7/18/1998 11:53:00 PM
From: rich evans	Respond to of 95453

Very interesting article, Slider. I would be interested in what other participants on this thread think about this as relating to the oil industry long term investments and also the economy as a whole. Rich

To: SliderOnTheBlack who wrote (25953)	7/19/1998 2:05:00 AM
From: Chuzzlewit	Read Replies (1) \| Respond to of 95453

Slider, the article really explains what I was trying to say. It is not the production of oil that is important in this sector, it is the rate of utilization and its impact on the projected time in years of conventional oil. When this number decreases to a certain threshold the drilling sector will become hot. That can happen in one of two ways. Either the Asian economies recover or barring that, a sufficient amount of time elapses to reduce conventional oil below a certain threshold level. TTFN, CTC