Strictly: Drilling and oil-field services Message Board

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

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To: scname who wrote (3578)	11/23/1997 9:30:00 PM
From: Broken_Clock	Read Replies (2) of 95453

ÿ"It used to be a very negative sign - everybody saying, oh, OPEC's flooding the market," Bogin said. "Now, it's a positive development." canoe2.canoe.ca It seems as though there is universal agreement that oil consumption will increase...Think about this: If Asia devalues and becomes more competitive, then industrial production will increase, not decrease. I have not seen any news reports indicating a slowdown in population growth in the worls, much less China or SE Asia and India. Quite the contray is happening which means more oil!!! Coreections in the stock prices will occur but this sector appears to be very safe vs. others...IMHO

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