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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 (60292)	2/14/2000 6:38:00 PM
From: Big Dog	Read Replies (3) \| Respond to of 95453

Why does everyone say that oil can not stay at these levels? Why not? I don't buy that. Especially when oil is still very cheap by historical standards when adjusted for inflation. Is it for fear of non-OPEC production swamping the market? All OPEC has to do is jack with the prices now and then and that will keep oil companies afraid of making long range plans for lifting expensive oil. I think oil prices can just as easily be at $35 as $20...and wait till this low storage situation bites us on the buttocks...$30 will look cheap. The truth is, as I see it, that oil prices are a factor of so many forces pulling in so many directions that it is impossible to say what they will be, should be or can't be. big atoffshore.com