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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Mike from La. who wrote (36327)1/30/1999 5:47:00 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Mike:

Brilliant post! I would add that our rulers are well aware that excessively low oil prices threatens the peace of the world if long maintained and will (covertly, of course) support OPEC efforts to hike prices modestly. After all $15-$18 oil still is incredibly cheap and would not derail the current economic expansion to any significant degree. Even $30 probably would be no more than the historical average in real terms.
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