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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (20)11/10/1996 11:48:00 PM
From: Kendell Phillips   of 1017
 
Buzz,

Peter Lynch says the same thing in WORTH Magazines recent issue (November I think)

Some of the reason to invest in oil.

Saudia Arabia is already black marketing half their oil, so very little additonal oil on market, even if they get back into political favor, which is not very likely any time soon.

Third world demand is increasing big time. Do not have %s.

Oil Supply is finite. No big discoveries in oil for a few years now. Existing quantities known.

Americans buying alot of gas guzzlers. Chevy trucks with 350s get about 17-18 mpg on average.

Economy is booming transportation is booming.
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