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

To: Douglas V. Fant who wrote (28026)8/20/1998 6:38:00 AM
From: JZGalt  Read Replies (2) | Respond to of 95453
 
Thus when crude oil gets back to $15/bbl, expect energy companies to table more exploratory and in field development projects once again.

There is also a time lag involved. Just as the e&p companies did not turn off the budget process immediately when oil dropped below $15, it will not turn on again until it rises above and stays there for perhaps 3 months or more before you would see any pickup in this area.

I really wish this thread would quit trying to guess the bottom(s). The stocks follow oil prices and the trend is still down despite day to day fluctuations.



To: Douglas V. Fant who wrote (28026)8/20/1998 7:52:00 AM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 95453
 
Douglas V Fant .....thanks

Thanks for the allways interesting, entertaining and informative commentary and inside look at the International Oil scene...

What are your thoughts and those of the International Oil community; on the role that the Caspian Sea will play in the worlds Oil Markets - near term (3-10 years) ?


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