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

To: Andrew Brockway who wrote (60906)	2/25/2000 10:09:00 AM
From: Think4Yourself	Respond to of 95453

note: My opinion is worthless as I am wrong almost one tenth as often as the industry experts, so take the following with a grain of salt. After reading all the statements coming out of OPEC countries the last few weeks, I am convinced they have their act together for the Vienna meeting. They are playing the consumer nations like a fine violin, and have accomplished the simple task of befuddling the ANALysts. I believe they will be able to achieve a soft landing at about $25 by fall, but we are going to see the mid $30's or higher in the next 2-3 months. Also believe that if the market becomes accustomed to $30+ per barrel and the large EnP's don't aggressively explore, OPEC may well decide to move their desired price band up. The market is so far unconcerned as the only ones really vocal about prices right now are the truckers, who want 22 billion barrels of oil released from the SPR (no small feat!!) Whatever happens OPEC is holding all the cards except one (the multinational EnP's hold the exploration card) and they appear to have relearned how to play the game.