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To: Defrocked who wrote (61463)9/13/1999 2:47:00 PM
From: pater tenebrarum  Respond to of 86076
 
same here...in fact around the time oil was declared dead i managed to snap up some bargains in the sector, which naturally i sold way too early.
long term (5 years out) i see crude around $50 bbl., due to the depletion of the major western oil fields.
OPEC will regain the control it temporarily lost and may well decide to give the industrialized nations the finger.
not possible you say? we'll see...