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: RGinPG who wrote (12675)	2/24/1998 3:47:00 AM
From: Jess Beltz	Read Replies (1) of 95453

Guys, take a look at this and tell me you feel good about tomorrow. biz.yahoo.com particularly: "Traders said they expected a further sharp decline Tuesday if the Security Council accepts the terms of the deal negotiated by Secretary-General Kofi Annan. Annan was due to address the council around midmorning on Tuesday after returning from Baghdad. Early indications from Washington, London and elsewhere were that the deal would be cautiously accepted. ''Once the Security Council accepts this deal, oil prices are going to go straight down. Then, for OPEC it is a game of chicken and who is going to blink first, the Saudis or the Venezuelans,'' Roger Diwan, an analyst at Washington-based Petroleum Finance Corp., said. It don't look good to me. jess.

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