Global Santa Fe (GSF) (formerly Global Marine) Message Board

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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)

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To: Doug Skrypek who wrote (1320)	3/11/1999 1:21:00 PM
From: Robert Douglas	Read Replies (1) of 2282

I think you give the United States government much greater powers than it can possibly possess. And even if it did want to keep $10 oil, it also wants a recovery in Asia to pare down our large trade deficit. When Asia recovers there will be a renewed demand for oil that will drive up prices to the $18-$20 area. Above that, I believe OPEC will increase production in order to prevent a boom in drilling that would take away production from them. -Robert

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