Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Razorbak who wrote (94)	4/25/1999 9:30:00 PM
From: Ed Ajootian	Read Replies (1) of 350

Razor, These guys are on the right track IMO. And it would be better for the entire world oil markets if OPEC does in fact produce enough oil to prevent the price from going over $18. If prices go over $18 then too much production will come on line and we will have another crash. Better to keep prices low in order to prevent the wild swings. Until Asian demand picks back up and the Russians & Latin America get their act together economically, oil prices are gonna be stuck in a narrow range of $14 -- 16. IMO the outlook for US nat. gas prices is much better. The investment play for the next 6 months at least is in the nat. gas E&P companies.

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