Tuesday, March 30, 2004
Bush sheds crocodile tears on energy prices while Halliburton laughs all the way to the bank
I'm sure that an administration dominated by energy companies is deeply committed to keeping prices low. Ha.
Check out Lesar's picture, too. Nasty. Kinda like a taxidermist was practicing on a Bible salesman.
[Dave Lesar, Halliburton's chairman] also told the conference increased oil and gas drilling activity in the United States appeared to be near the point that it would allow Halliburton's energy services arm to raise prices for the drilling rigs it leases to oil companies.
"We are about 50 to 75 rigs away from being totally sold out in this segment," he said.
"As the rig count continues to creep up, our ability to put prices up in this important part of our business will begin to manifest itself", he added.
The total number of rigs operating in the United States rose to 1,150 last week, according to oil services company Baker Hughes, up 22 from the previous week and 188 from a year earlier.
(via Reuters)
Check out Lesar's picture, too. Nasty. Kinda like a taxidermist was practicing on a Bible salesman.
