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Politics : Ask Michael Burke

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To: GuyNixon who wrote (83537)	9/10/2000 1:04:39 PM
From: Knighty Tin	Read Replies (8) of 132070

Guy, Everything looks bullish for oil right now, which makes me much less bullish. I like the down and out that everyone hates, not the current fad. I can see many pitfalls to oil prices, most having to do with demand. For example, a recession in the US will kill demand on the margin. As prices go higher, more alternatives to guzzling are found. Weather is also an uncontrollable factor. I still own a few natural gas stocks, and I like NG much more than oil right now, but I am keeping a hairy eyeball on them and may sell at any pop. I would fear the services stocks right now. They are last in, first out with oil good times.

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