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Article: More pipe tubular good price raises seen, as falling dollar makes impact. (petroleum industry; includes news on Texaco production in Mojave desert) (column)
- Article from:
- The Oil Daily
- Article date:
- November 12, 1987
- Author:
CopyrightCOPYRIGHT 1987 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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More Pipe Tubular Good Price Raises Seen, As Falling Dollar Makes Impact
OIL COUNTRY TUBULAR goods prices, up some 50 percent in 11 months because of depletion of U.S. inventories, may go somewhat higher next year.
A Harvard University master of business administration who doubles as a consultant and pipe dealer believes the falling dollar will be one reason. It will continue replacing voluntary import quotas as a restraining influence on supply.
President Charles Perkins of Houston-based Pipe Logix Inc. showed Well Watch a graph illustrating that a drastic change in the relative values of U.S. and Japanese currencies already has made it much ...