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Re: mhslowly post# 133432

Friday, 06/27/2008 10:27:02 PM

Friday, June 27, 2008 10:27:02 PM

Post# of 361600
mhslowly, maybe the builders of deep water rigs will built more and more rigs, so many in fact that even Petrobras will not be able to buy them all. Have you ever heard of supply and demand. If someone tries to corner the market, the market adjusts and creates more supply. One company can not control that. Plus what would Petrobras do with 50 rigs at $600,000 a day? Economic forces tend to balance things out over time.


... and to quote Mick, "You can't always get what you want... but if you try sometimes, you just might find ... you get what you need."

The $64,000 question is: Will there be a Rig of Oportunity or do we have to wait for the AA begin drilling On Oct 1, 2009?