Earnings are meaningless at this point, they reflect the past historical slow-down of the industry the worst one in recorded history Markets always looks fowards at the year 2000 currently (six months ahead), knowing that the fortunes of drillers and other oil field service companies is very bright. Soon you will start seeing future earnings estimates revised upwards, proof of this can be found by the average individual when buying gasoline at the pumps. The nickel Coke,
the dime candy bar, the quarter hamburger, and
the buck a gallon for gasoline are all dead, like Santa, All gone to Wally World and DisneyLand.