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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Serge Collins who wrote (5315)8/10/1998 4:59:00 PM
From: Doug   of 24922
 
S.C./Oil Price:

My forecast agrees with your findings. There is an excessive Oil glut and it has started feeding on itself. Many of the Oil Companies are now desperately pumping for survival. Because of this, we are caught in a downward spiral which will only end when demand exceeds production.

If IRAQ is allowed full capacity we could test the pre 74 levels.
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