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: Tomas who wrote (63712)	4/4/2000 12:40:00 AM
From: Brian	Read Replies (1) of 95453

Nice find Tomas: Its about time that people other than posters on this thread are realizing that oil should stabilize at its current price (or higher). "Former Energy Secretary Robert Mosbacher has argued that the ``proper' price level is far higher than the recent low of $11/bbl. Depending on how you tie oil into the Consumer Price Index (CPI) and inflation, today's price is right in line with other commodities, goods and services at somewhere between $25 and $35/bbl." When will the market finally realize that oil should be $25 to $35? Patience?. of course compared to technology and internet stock's today, the oil's were great.

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