Oil Service Companies Doing Well…

by BWK ~ May 27, 2008

Out in the field, the industry players are doing real work.

Wow. Transocean drills over 40,000 feet (directional).

New world record, for both longest well bore and extended reach.

As the Senators insulted the oil executives, I was wondering if the politicians would prefer to trade managements with the National Oil Companies of other countries. Would you trade the guys who run Exxon for the guys who run Pemex? How about trading the Chevron leadership for the fine people at Petroleos de Venezuela (PdVSA)?

BWK

Note: Byron King is a frequent contributor to the free e-letter Whiskey & Gunpowder. To receive daily insights into energy, oil, commodities and other natural resources sign up here!

Additional Resources:
Congress Beats Up On Oil Execs…
The Coal To Liquid Debate Part I
Russia Has Peaked… Oil Decline In Siberia
The U.S. Oil Supply — A Look At Our Future Oil Needs
Less Oil From Mexico
Oil Above $110 — Oil Service Companies Set To Rise…
Oil Reaches A New High - Time For A Correction or $120 Oil?
Oil Prices Reach An All Time High