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


To: VLAD who wrote (38063)2/23/1999 9:05:00 PM
From: William L. Oppenheim  Respond to of 95453
 
Well, the point has already been made that it will self correct as it become unprofitable to pump it from the ground. But there are so many third world players where it still is profitable to pump, that it could be a while before it cycles. I believe that some of these oil cycles last up to 7-10 years at times. Is that your understanding?