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

To: Roebear who wrote (55638)	11/29/1999 7:49:00 PM
From: Aggie	Respond to of 95453

Hey Roebear, howzit going? Yes, my question exactly. I intend to pool a little cash leading into the holidays, and I'm a little "unresolved" (newage speak) about how to invest it. Will the oil and gas producers be favorably impacted by the late arrival of winter and cold weather, or will Y2K issues, shutdowns, and chip malfunctions cause interruptions in supply chain? My opinion is that the first and second world have devoted considerable time to addressing Y2K concerns, and interruptions should be minimal. In other places - Iraq/Iran come to mind - there has not been the flow of technology in the same way - and the technicians have, in my mind, not had access to the same resources to address the problem. So, look for production shutdowns/slowdowns from embedded production / refining systems in the third world and pariah countries, which will not substantially affect supply chain for at least 1 month. This should serve to impel oil prices northward toward the end of the first quarter. So I guess that means that investment in E&P's, particularly domestic based ones, should do quite well if this synergy comes together (i.e. pinched supply chain and cold weather). Regards to All, Aggie