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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Richard D who wrote (46744)6/22/1999 12:32:00 PM
From: Brent Hogenson  Read Replies (2) | Respond to of 95453
 
If YR 2k did cause an oil crisis,(Aggie could be right, this could be National Enquirer material) then I would think you would want to own gasoline futures. The U.S. Strategic Supply would be opened up and alleviate some of the oil supply problem. If the refineries are shut down, how could they refine oil? Gasoline futures would be the way to go. I believe this would cause a worldwide recession. You would probably want to be completely out of the stock market (especially high debt companies).



To: Richard D who wrote (46744)6/22/1999 12:32:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Drillers in general suffer due to non-performance? ....E&P's suffer due to no production, even though price temporarily up?... Seismics suffer due to 'let's fix what we have first mentality? Debt heavy ones suffer disproportionately due to financial risk? Anyone left?