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

To: BigBull who wrote (63501)	3/31/2000 6:16:00 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

BigBull, The NG situation is even tighter. I think we have a safe two-three year recovery. If you like the price on APA, APC, BR, EOG, etc today, wait until NG spikes to $10.00 this winter. It is going to happen. Jim

To: BigBull who wrote (63501)	3/31/2000 9:49:00 AM
From: BigBull	Read Replies (3) \| Respond to of 95453

Has any one stopped to think about what the recent declines in crude prices mean? Higher demand. OPEC is not increasing crude production into faltering Asia economic conditions. That was Jakarta. Virtually every Asia tiger country is in some degree of recovery/boom. Indonesia at the bottom, Korea at the top. China is now DEFINITELY coming out of it's slump and with power. India is set on a good 8 - 10% growth path. Australia and NZ at 4- 5%. Japan now has a chance at REAL recovery to the tune of 2% for the next two years. The recent decline in crude has just functioned as a massive tax cut on these economies. OPEC just lit the nitrous, baby. Fa zooooooooom. But the biggest PLUS I see in the recent decline is this: Interest Rate Hikes will slow considerably. I disagree with the analyses that the FED will raise rates .50 next month. With much lower oil prices, an inverted yield curve, consumer confidence dipping, the frothy parts of the stock market being taken down, Greenspan has NO political cover to raise rates. We may even be looking at cuts down the road if the US economy slows marginaly due to the inversion of the yield curve. Due to the current economic circumstances the drop in crude price only feeds into the "virtuous circle" helping it spin ever faster resulting in ever greater demand. I am calling this OPEC meeting the "Nitrous Oxide" meeting N_O. <G>