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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (75895)10/10/2000 10:56:03 AM
From: Think4Yourself  Read Replies (2) of 95453
 
They were turned down based on the bids. those three probably bid more than the oil is worth, a lot more. Figure it this way: If the oil prices go down they repurchase the oil next year and make out like bandits. If the oil price goes up, they declare bankruptcy and/or skip the country as multi-millionaires. They are going to win either way.

This whole issue disgusts me, as does Richardson's performance in general. He is not fit to run a restaurant, much less the nation's energy policy. Oh wait, I forgot, we don't have an energy policy.
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