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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Doug who wrote (5298)8/7/1998 8:37:00 AM
From: Kerm Yerman  Read Replies (1) of 24922
 
Doug / Oil Prices

I firmly believe we are in a firming mode for oil prices and should begin to see upward movement by January. Personally, I feel key price levels are at $16.00 and $18.00 and would like to see the later price by 12 to 15 months out in time. The one most influencing factor is the Asian Crisis, and it won't go away fast. The major reason oil consumption is down is lack of industry usage in these countries. We need to see signs of economic recovery over there.
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