KOB.TO - East Lost Hills & GSJB joint venture Message Board

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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture

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To: dad who wrote (11972)	9/23/2000 11:14:29 AM
From: Tommy D	Read Replies (1) of 15703

For those of us who are quite removed from the industry but have a lot invested, your comments and much of the analysis on both S/I and Stockhouse (particularly JVW77 and Grayhairs) are very useful and I hope it continues. Having said that you shouldn't put yourself in a difficult position re confidentiality of the information (which I assume you haven't to date). In terms of the release of the strategic reserves, Clinton is playing a very dangerous game. I did not want the oil price to continue to escalate as I worry about a global recession. However, when there is little extra capacity to convert the additional supplies to heating oil in the short term, what is accomplished other than getting political marks (which is all it is ever about). It is important to create a reasonable capital market for O&G stocks and to see increased budgets for exploration. The US government should just let the market work its way through this, which it will. It will lead to far more stability in the market place. TommyD1234

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