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To: Ilaine who wrote (23248)	9/29/2000 5:18:14 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Coby...all my long holdings (other than some ancient mutual funds) are in oil/gas or in gold. I don't live in the oil patch now, but as you know, I grew up in New Orleans in the 60's and 70's, and I have a fair amount of knowledge about the industry. The oil/gas patch IS on the verge of finally raking in some dough. All the companies that survived the oil and gas bear markets of '98 and '99 are lean and mean. If Gore wins the election, it will slow them down a bit (since he apparently is opposed to solving the near-medium term energy crisis through the ONE mechanism that will work...the free markets). Even so, they will make money and lots of it. The natural gas E&P and service companies are especially well positioned. My favorites are MND, NSS, KEG, and AOG (all of which I own). BR (which I also own) may be OK as a takeover play (lots of resources in the ground even if they aren't too adept at getting 'em out). I also have owned TK (an oil tanker company), which is doing well due to astronomical lease rates. The integrateds may move well if prices for distillates stay up. I like UCL and TX here, but I don't own 'em yet. If Gore is elected, they continue to do well 'cause we'll be importing a larger and larger share of crude (and because it takes a couple of years to bring new tankers on line). Obviously, a world-wide recession would change things a bit though, and that's probably the only thing that can stop the sector in the next 12 months, IMO.