Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Canuck Dave who wrote (25306)	1/10/2003 6:56:48 PM
From: Art Bechhoefer	Read Replies (1) of 36161

During the 70s, oil prices were artificially inflated by OPEC, creating higher expenses that curtailed economic growth. Now oil prices are actually much lower than in the 70's, adjusted for inflation. This makes me wonder whether the short term increases we are seeing in oil and gas prices will (1) put a damper on economic recovery and (2) make short term investments in oil and natural gas producers a sensible hedge on other stocks, such as technology, retail, etc. Meanwhile, it now looks like the safest and best short term investment is gold or gold shares. Art

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