Oil Prices Have Quadrupled,Rig Rates Have Doubled ......So When Is It Our Turn?

摘要

Boring though this may seem;has anyone noticed what's been happening of late to the price of nickel?Why this sudden interest,you might ask,in a metallic chemical element that has the symbol Ni on the Periodic Table?Nickel is an integral part of stainless steel,the same metal used in most downhole tools and as the graph below shows the price of this rarely considered but fundamental commodity has more than doubled since December 2005.