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

To: Now Shes Blonde who wrote (47761)	7/11/1999 2:42:00 PM
From: Crimson Ghost	Respond to of 95453

Standard and Poor's recommends RIG, FLC, and Sante Fe International in their latest monthly investment review.

To: Now Shes Blonde who wrote (47761)	7/12/1999 10:50:00 AM
From: Fun-da-Mental#1	Respond to of 95453

Re OPEC, I'd like to question this oft-repeated statement that higher prices create more temptation to cheat. If OPEC cheats it could pop the price bubble so fast they'd actually make less money, so where's the incentive to cheat? They're not desperate anymore. When prices were low, they were all trying to sell more to make up for the lower margin. But now all they have to do is sit back and watch their revenues rise. The real temptation is to not raise output and enjoy a huge price peak before other producers manage to get back in the game. However if they have discipline they'll agree to raise output and keep oil in its current price range in order to maintain their market share - like they said they would. If they really want to do this, they'll probably have to do it before March 2000, because the price will have gone too high by then. Fun-da-Mental