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Elroy Jetson

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Elroy Jetson

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Re: haley2 post# 78956

Tuesday, 04/23/2019 1:20:35 AM

Tuesday, April 23, 2019 1:20:35 AM

Post# of 116760
Big shale operators like Exxon and Chevron have greatly reduced the number of drill rigs needed to greatly increase production of oil and gas.

As a result I expect firms like SLB and HAL will benefit less than Chevron and Exxon will for increased production and their future earnings may be smaller that their prior peak earnings.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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