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

To: Terry D who wrote (58912)	1/22/2000 11:41:00 AM
From: enervestor	Read Replies (2) \| Respond to of 95453

OK, I'll bite. What was the best thing to happen? Seriously, I think we are starting to see an opening develop where OPEC may be able to start increasing production without causing a major price plunge. We're starting to hear about shortages and panics for the first time now. If crude gets above $30, then OPEC has much better chance of engineering a drop to around $25 without the freefall expected if they had increased earlier. The increasing tightness psychology needs to play out a little longer IMO, but we're starting to see perceptions change now. I haven't heard any Wall Street analyst predict the price of oil will soon be $10 again in a whole week now.