The Rising Influence of Rising Affluence

[OakesCS]

I was talking to another former SLB person (previously owner of company bought by SLB). He was telling me about a presentation by somebody showing a graphic of fluid and rock analysis pricing over past 10 yrs or so. Last year was 25% of what was ~10 yrs ago. I suspect will worsen. Business has become commoditized but w/o the level of automation that go along w/ so that and oil price collapse is worst of all possible scenarios