The Rising Influence of Rising Affluence

[OakesCS]

yeah, that goes with the revenue mix. i still don't think the CT imaging stuff is nanometer capable but somewhere along the line nanometer became way more sexy than microns and millimeters. It's one of my peeves.

i don't think CLB (or any service company) is avoiding the gas shale folks but rather the other way round. I suspect that there will have to be massive consolidation amongst natural gas producers before prices improve dramatically (that being by multiples rather than a few 10s of percent) so that services are useful and affordable. At the moment there is a crazy situation where companies are producing into a glutted market just because they have to maintain lease holdings and revenue streams. Natural gas is still a local market which is exemplified by the 2x to 5x difference in prices between NAM, Europe, and Asia. I suspect for many NAM natural gas producers it is a matter of prolonging death. Then there are some other companies who seem to be using the JD Rockefeller playbook.