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To: upanddown who wrote (47895)	7/13/1999 3:55:00 PM
From: Think4Yourself	Respond to of 95453

I agree with your statements. Slider's harping on E&P's a while back got me to thinking. E&P's are profitting like crazy right now, but is there any way to profit more if the cartel members begin cheating?? After all, most companies seem to think they will, thus the restraint in spending. Then it hit me - Natural Gas. When/if OPEC does start cheating, down goes the price of oil again, and down stay/goes the capex of most oil/gas exploration co's. That means fewer wells, and less gas. Gas is already predicted by many to be in short supply this winter (including me). With capex restrained by lower oil prices, the best E&P companies to own will be those with high Nat Gas production. We are enjoying a stable supply now due to all the reworks/refracs, the "easy money". I don't believe that will last. The rest is pure gruntwork to find those E&P's.

To: upanddown who wrote (47895)	7/14/1999 1:34:00 AM
From: dfloydr	Respond to of 95453

<<on this thread, people are hoping that the OPEC cartel holds the line on production restraints using quotas established by collusive tactics illegal under U.S. law>> How true and how funny it is that once again, ... it all depends on whose ox is getting gored. Over the past six months one could almost make a case that the cartel has acted such as to save the world from an outright petroleum disaster. Or did the cartel act alone? Looking back over my notes I note that Sect. Richardson made a trip through the middle east just prior to the cartel's pulling itself together. I would love to know to what extent his visit contributed to recent events. Seeing rigs being stacked and activity drying up all over the world might have been a motive for Mr. Richardson's trip?