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

To: kingfisher who wrote (227)	8/1/2000 10:32:05 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 350

IMO oil prices are doing just fine without any political help. The current price (high 20's) is an ideal price for all parties, IMO. US junior E&P co's (in which I have a lot invested) can clean up with these prices if they know what they're doing. Today's API report was very bullish for the short-term.

To: kingfisher who wrote (227)	8/4/2000 4:29:33 PM
From: jackie	Respond to of 350

You are absolutely correct on the posturing of the former oil minister of Arabia. If the Saudis really believed that oil was going to 5, why are they asking big oil companies to increase production? We're talking about a lot of money being invested here. It's true, one could argue it is the other guy's money, but why not just get by on current levels of production? Lot easier. No, demand for oil will continue to climb as economies throughout world continue to grow. No one is interested in fuel cell technologies on a large scale until oil prices go up forcing people to save money on fuel some way. Only thing that can stop full steam ahead on oil prices is a very serious recession. It would have to be serious as the 'Asian Flu' of a couple of years ago did not stop the growith in demand for oil. It merely slowed it down to a 0.5% annual growth rate. Regards, Jack Simmons