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 A survey by DrillingContractor.org finds an astonishing level of optimism among its readers. Fully 83% of respondents believe that recovery in drilling will occur by 2010, or even 2009. The remaining 17% adopt a far more cautious stance, believing recovery is nowhere in sight (5%) or will remain elusive throughout 2010.

But how much value can be attached to these forecasts?

DC survey reveals industry optimism

In his column Drilling Ahead in the May/June edition of Drilling Contractor, editor/publisher Mike Killalea attempts to validate respondents accuracy, with surprising results.

The May/June edition hits the streets in early May, with special distribution at OTC, the IADC Environmental Conference in Stavanger and the IADC Drilling Onshore Conference in Houston. All events occur during May. For precise information on IADC events, click here.

E-mail Mike Killalea.

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