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

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To: Sidney Reilly who wrote (12237)2/20/1998 8:34:00 AM
From: Lucretius  Read Replies (1) of 95453
 
Something to consider: If we see $10 oil, there will be a world-wide crisis. We could see revolution in Saudi, depression in Russia, Indonesia in civil war, Ven. falls off into the ocean, etc. In other words, you can probably kiss the whole mkt goodbye except for the airlines. I don't think there's a chance of that happening. The powers that be will not allow crude to reach those dangerous levels. Too much uncertainty would be the result.

I'm off to the golf course. Watch the store!

-Lucretius
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