Quote:
Originally Posted by _Q_
Would it not be fair to assume that with more work coming down the pipeline, service companies will be in greater demand soon? Would that not allow for them to charge more for their services?
Am I missing something?
|
Only if the oil price really explodes. If it's sitting at this level or low 60's, efficient extraction is still likely to be the name of the game.
It's the race for limited resources to maximize production at high oil prices which balloons service company rates, we're still a ways from there.
But who knows, memories can be short.