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

To: excardog who wrote (79242)	11/16/2000 4:19:21 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

Scott, They were predicting NG spikes this winter of $20-$40 per Mcf, and record NG prices next summer even if we have a mild winter. On oil they claim the excess production in the world is now ZERO for the first time in 25 years. They just finished a study for the Gore campaign on SA and concluded that SA may have at the very most an extra 200,000 Bbls/d. They had an interesting presentation on the creation of wealth and oil and how it relates to what is going on in countries like China. Their prediction is for computers to be using 50% of power consumption by 2020, up from an estimated 20% today. As we all know, it doesn't matter if we are right or wrong, it only matters what the perception is on the street. I might be early, but I started to load up on PGO at $12 5/8 today. I don't know how much more tax selling can lower this stock, but PGO was a $70 stock in 1997? Jim