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

To: Crimson Ghost who wrote (57193)	12/20/1999 11:21:00 PM
From: John E. Stanga	Read Replies (1) \| Respond to of 95453

Well, let's assume, just assume, that it settles in the $18-$20 range. What then? jes

To: Crimson Ghost who wrote (57193)	12/20/1999 11:36:00 PM
From: Gameboy	Read Replies (1) \| Respond to of 95453

until oil comes down next spring The way oil is trending right now, it's impossible to extrapolate just how low the price could be by this spring. What is it anyway, are US oil inventories evaporating at the rate of 4 million barrels/week or is that just 3 million barrels/week? I personally think that the good fairy is going to step in and make everything right (so we can have cheaper oil), because I can tell you that with the mindset OPEC has demonstrated over the past 24 months, OPEC likes things just the way they are.