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

To: Pete Young who wrote (62237)	3/16/2000 1:06:00 AM
From: upanddown	Respond to of 95453

Seriously, though, the oil industry is everyone's favorite punching bag (except here, of course), which makes me worry. Me too, Pete. We need to get oil off McNeil-Lehrer, we need to get it off the the nightly newscasts, we need lower gas prices. I went to dinner with two very intelligent people last night and their take on prices was....gas prices are a ripoff, Big Oil is price-gouging and OPEC has set prices too high. I tried to tell them that OPEC prices are really being set by 28 year-old, pimply-faced geek traders in NY and London but it was hopeless. People chortling about $35-40 oil are forgetting the political firestorm that will accompany it. Reminds me of the old Chinese curse...May you get what you wish for. I still say nirvana for the oil bidness would be a $25 OPEC basket price accompanied by a perception of price stabilization. John