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Microcap & Penny Stocks : OILEX (OLEX)
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To: OFW who wrote (3503)6/17/1998 11:14:00 AM
From: Richard L. Williams  Read Replies (1) of 4276
 
Re: The world knocking on their doors.

I might agree, but look at the current world oil glut. Oil prices are at 14 year lows. If we were looking at $23 to $25/bbl, yes, there would be a clamor for swabbers, but fact is, there won't be much call for them until prices come up.

The goldbugs on the Gold Price Monitor thread are painting a scenario of world calamity coming out of the Far East. If they're right, oil prices will be right back up there in the near future. I hope not, I don't own any gold! :-)

Cheers!
Rick
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