Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: gamesmistress who wrote (84863)	1/22/2001 12:12:32 AM
From: dfloydr	of 95453

Gina, back in 197x I visited the then treasurer of Mobil in his home and was told flat out that within a year oil would be selling at $100/bbl and that all company planning for the coming year was predicated on that number. Big not always = smart. Right now we have another odd paradigm shaping up which I suspect will, in time backfire. It seems the new administration is going to do a lot to stimulate domestic production and we investors in same are rooting for this. Looking at: oilsurvey.com suggests that we are really about to hurry up and use up what little non-OPEC oil and gas there might be now, which will leave us in an interesting predicament years hence when it is time to fight WWIII, etc.. Might be a lot smarter to keep buying up their oil now and save ours for the crunch times, which is about what we have been doing up to now.

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