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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: Mandinga who wrote (224)	7/5/2000 9:31:03 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 350

Mandinga, If true that is great news. The best possible scenario for the long-term health of the world oil producing industry is to have $25 Brent. The only way it can get back down to that price and stay there is to have more than one country with excess production capacity. With $30 Brent we allow to many of the high-cost producers to stay in the market and we are just setting ourselves up for another boom/bust cycle. There are plenty of little US O&G companies that can make a ton of $$$ with WTI prices of $25 -- 28.