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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Ray Jensen who wrote (380)5/24/1997 2:38:00 PM
From: Thean   of 95453
 
Ray, we are discussing gas prices on this thread as if increased travelling/commuting drives the fortunes of our drillers. I really wonder how realistic this is other than its psychological implication. On the worldwide basis US consumption is declining as a percentage of total world consumption but still commands a formidable impact. Shall we be tracking the economic outputs of the emerging countries in particular those in Asia Pacific? Having suggested this, I do understand that having high demand of gasoline in the US will not hurt the driller's stock price. It will be scary environmentally however if people elsewhere on earth are burning gasoline per capita as much as in this country.

ps: Ray, you must be fortunate enough to not have to drive to work in the Bay Area.
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