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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Douglas V. Fant who wrote (27778)8/16/1998 2:59:00 PM
From: Paul Angell  Read Replies (3) of 95453
 
Douglas,
<<But I do work in the energy industry. And might it help you to know
that our energy concern (like others) are basing our business plans upon a
turnaround in Asian energy demand in the 2d half of 1999?>>

Your company's approach sounds reasonable. With any luck oil demand in Asia will pick up earlier. The Asian turnaround is starting now. The IMF recipes are starting to work. Korean won is up, an investors are looking at Korean assets again. The devalued currencies of the Asian nations have given them a massive competitive break. When stability occurs capital will flow in their direction and they will be revving up their manufacturing processes, employing more people who will buying more stuff and start driving their toyota trucks around at high speed delivering goods and services. The question of a turnaround is not if but when.

Paul.
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