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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (2466)	8/7/2000 10:22:29 AM
From: X Y Zebra	Read Replies (1) of 3536

The oil companies themselves will now work to grow profits by increasing production – and the only way to do that is to spend more on exploration, which will in turn benefit the drillers and E&P companies. Additionally, technological innovation is constantly reducing the cost of finding and producing a Bbl., so that is another profit driver. Any which way you look at it, you have to be bullish on the entire sector! Thanks for the article... Any specific ideas about companies whose chart may look enticing within these sectors (oil/oil production) ? Stop your bitching, America! Do some math. Crude has tripled off of its lows. A gallon of gas has only doubled. A gallon of heating oil has not nearly tripled, either. Considering that the real pain lies ahead, current prices should be enjoyed, not scorned. And we should all become comfortable with current prices because gas will probably never be available for under $1.25 ever again. That price area has simply been left in the dust. Is more serious inflation (and interest rates increases), around the corner ?

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