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Gold/Mining/Energy : maverick (MAVK)

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To: gmccon who wrote (336)	8/7/1998 9:40:00 PM
From: James F. Hopkins	Read Replies (1) of 432

The Oil Rally is False, it can't really go any where till Asia can again afford to buy oil.., jacking up the price of crude by shutting down production, does not work. So the price goes up, but you sell less volume, the over all profit is not there, you need volume. To top that off any jack up in oil prices with the Asia problem , will make that problem spread. How are drillers going to make it if they are now shutting in production fields.. The hype on CNBC about oil going up may bring in a few suckers for the ones waiting to get out. Jim

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