Caveat Emptor – Be Wary of Gas Salesmen Claiming Long Term Low Prices
…e with which new equipment can be installed and due to a bubbling economy, gas prices can soar. Since high prices encourage high hopes for fast profits, drilling activity will increase to provide a larger supply which can initially be sold at a wonderful profit. Unlike consumption equipment, however, drilling equipment is complicated and expensive; there is a limited supply of the rigs and the crews required to operate them. The change in supply i…