There is much more optimism in the oil country tubular goods (OCTG) market going into the year 2001 than there has been for quite some time. In fact, many industry insiders are looking at the new year as potentially one of the best years in recent memory. And there is plenty of evidence to back up this confidence.First of all, the price of oil has risen dramatically over the last two years, and a significant rollback is not expected in the near future. Also, lurking in the shadow of this crude oil price increase is the upward spiral of natural gas prices.
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