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

To: Crimson Ghost who wrote (36973)	2/6/1999 7:31:00 PM
From: dfloydr	Respond to of 95453

Since the US economy is adding around 300,000 jobs a month, the loss of 17,000 jobs over six months seems inconsequential in the political overview ... unless you are one of the 17,000. Since most of our wells are small they may represent an inefficient use of human resources and capital. In this changing world, they are the type of industry that is being displaced everywhere. The good side may be that we will then have those resources to fall back on when readily available sources of oil and gas start going to China and other places.

To: Crimson Ghost who wrote (36973)	2/7/1999 2:46:00 AM
From: Jamey	Read Replies (1) \| Respond to of 95453

George, I understand that the Governor, Keating, of Oklahoma got approval to cut taxes levied on Oklahoma oil industry. Its something like normal taxes when the price of crude is above $18.00. When crude is at $15 they will pay 5% in taxes. When crude is at $12.o or lower taxes will only be 1%. Don't quote me for sure on the levels as I don't have the article in front of me but the word is that Oklahoma Oil producers are extremely happy with the arrangement. Do you know if any of the other oil states are following suite? If not, its just a matter of time before they all adopt this tax cutting measure. Santiago