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


To: Big Dog who wrote (42557)4/18/1999 9:10:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 95453
 
Big Dog,a question,,do these flucuating rig prices pertain to new builds as well? For instance,,is it more economical for FLC to be building new builds now,as compared to say a year from now?(assuming higher energy prices)TIA.I would assume supply and demand of rig construction contracts effects the actual price of the contract as in most construction projects.DD



To: Big Dog who wrote (42557)4/18/1999 10:05:00 PM
From: diana g  Read Replies (2) | Respond to of 95453
 
Re: OSX's Relationship to Oil Price

Hi Big!

I think when Brent is at $18, there will be plenty of incentive to drill etc, and a few dollars more in the price of crude would make little difference.

At a steady and (relatively)dependable $18 Brent/$20WTI, I would think it would be close to 'full-speed ahead' in the OSX, wouldn't it?

If I'm right about that, then what gets better at $21 Brent/$23WTI?

regards,
diana
<<<Off Topic>>> In regard to your earlier question---

<<<"Just how many grrls do you live with? I bet I could fit all the good lookin' ones in my pickup. ">>

Five other grrls share the NYC house, and they are all good-looking except me.
I am the only ugly one. But I am tallest.
You might could get them all into your pickup if you have the extended cab. (They'd turn mean if you try to make them ride in the truckbed.)