The Rising Influence of Rising Affluence

[DewDiligence]

Agreed that the leading oil-service companies will do well in almost any conceivable scenario—the question is how well? In the previous message I said:

Once oil prices are sufficiently high to allow the service firms to be fully engaged, it’s unclear to me how they benefit to a significant degree from even higher prices.

It is crystal clear that such companies as SLB, RIG, and DO will make more money with $120 oil than with $80 oil? Perhaps I’m missing something.