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

To: jim_p who wrote (72189)	9/2/2000 10:01:05 AM
From: isopatch	Respond to of 95453

For you earth scientists & computer buffs. Also from the Houston Chronicle. chron.com IMHO, one of the biggest stories of this up cycle is also one of the most hopeful from the standpoint of providing some reasonable amount of LT petroleum supply: The spread of, AND the increasing competence in the interpretation of 3D seismic in oil and NG prospect generation. This important advance in geophysics made more widely accessible (at affordable prices) to mid and sm E&P company exploration staffs, via less expensive but highly advanced computers, is one of the crucial elements in the battle to keep oil and gas prices from eventually going to economically AND politically destructive levels over the next few years. $40/bbl and higher prices. IF they come gradually, CAN IMHO be adjusted to without a severe recession AND political problems in the form of price controls, caps and/or increased big brother intervention in the industry. That is the last thing we want or need. But if the screams of the electorate become loud enough, the risk of that is quite real. Step one is to get through this winter and make a lot of money<g>. But hopefully, avoid political reprisals which (considering the level of economic ignorance of our "quick fix" obsessed politicians) are a distinct possibility if the crisis gets really serious. And, make no mistake. That political risk is there no matter who gets elected! And signs of serious trouble along those lines IS one of the few things that will see me raising cash for more than short periods. Isopatch