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

To: rajaggs who wrote (237)	9/4/2000 8:26:02 PM
From: kingfisher	Read Replies (1) \| Respond to of 350

I am still convinced Sheik Yamani and his chronies have a large short position on oil and desperately trying to jaw the markets down to cover. They may have misread the ability of Opecs competitors to increase production(has not happened). He is so off base with alternate sources of energy competing with oil within 20 years.Last time he spouted off he said within 5 years now its 20 years.Its actually more like 50 years. Who is willing to pay $150,000 for a Neon operating on hydrogen?

To: rajaggs who wrote (237)	9/4/2000 9:20:45 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 350

rajaggs & R Barbe, As an O&G investor, I just hope you guys are right and the Sheik is wrong! Fortunately it seems like it will take at least another year or two to tell which was the right answer in any event. By that point I hopefully will have achieved my lifetime investment goals. I believe OPEC made a serious mistake when it allowed many of its members to max out their production in advance of the others. OPEC should have divied up the allocations so that no member would max out until it was close to the point that they all would. This way there would still be some leverage to further negotiations re: production levels.