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mktplyr

08/06/07 7:54 AM

#20339 RE: jcrom56 #20338

from what I have read, the domestic O&G service industry is growing and jobs are being turned down. domestic O&G is getting more attention as the cost of oil rises, the remaining oil in the US soil that was not cost effective at $30bbl market price is now a viable alternative at current market prices and will continue to grow as crude costs increase. also, revenues would not be dependent solely on leasehold wells, but on the services performed to well companies. the analogy I made a while back was: during the gold rush, who made the most (and steady) money? the folks who sold necessary goods and services to the gold miners. a fine example would be Levi jeans...