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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (59677)2/3/2000 9:03:00 PM
From: Tommaso  Read Replies (1) of 95453
 
Wasn't it the Kuwaiti oil minister who said recently, "What price rise? it seems normal." Or words to that effect.

It may be that the experience of $10 (or close to that) oil last year has made OPEC more keenly aware of the need to hang together, at least for a year or two. They are all about 300% better off now than a year ago, the production costs staying the same and profits rising enormously.

But my views are skewed by the fact that income from my holdings in oil royalty trusts (all USA internal) rise and fall exactly with OPEC.
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