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: SliderOnTheBlack who wrote (27513)	8/11/1998 1:13:00 PM
From: Tulvio Durand	Read Replies (1) of 95453

As Big Dog has said, valuation of the oil patch stocks is tied to the price of oil. The oil glut continues. There's no storage space available. Demand is not increasing fast enough to meet available supply. Oil supply is unmanageable. Projections of oil prices for 1998 and 1999 keep being lowered. So what is there to make these stocks go up if one agrees with Big Dog's basic premise? War with Iraq? Tulvio

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