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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Grommit who wrote (23871)6/11/1998 9:05:00 PM
From: rocklobster  Read Replies (2) of 95453
 
Grommit,

Major Global Paradigm Shift in Oil Price. I too believe we may be seeing the first signs of this.

Technology has made getting oil out of the ground very cheap often low single digit costs. Already 200 Mile Per Gallon cars have been designed but the patents have been quashed by the oil companies. Conspiracy no? How much longer can the powers that be hold up artificially high oil prices. My guess is the game is up and the future will hold single digit crude oil prices.

Just a hunch based on nothing but some strange gut feelings.

Later,
Richard
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