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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HammerHead who wrote (59042)9/17/2000 7:09:12 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
The shortage is real, and energy prices will have a floor around $30 not $25 IMHO.

Europe will be forced to lower taxes. More crude supply will come on stream from Central Asia in about 1 to 2 years but by then consumption will rise.

From what I know, development of new finds are around 3 years

Haim