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


To: Bernie Diamond who wrote (27263)8/7/1998 12:55:00 AM
From: William L. Oppenheim  Respond to of 95453
 
Yeah--they can probably save enough by closing down the 58% of rigs, to balance the loss of 15% of production. Oil production at these levels is getting to be 'upside down.' May make more money by *not* drilling.