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

To: ItsAllCyclical who wrote (85869)	2/1/2001 9:47:45 AM
From: jim_p	Read Replies (1) \| Respond to of 95453

JimL, I think the story is as the oil markets tightened on the way up, fewer and fewer OPEC members had an impact on oil prices since they were producing at max capacity. As demand falls, the reverse will happen, and more and more OPEC members have the potential to impact prices. Oil prices were also driven by other factors such as tight refining capacity, and tight oil tanker capacity. As demand declines, those factors go away for now. Got ACTM, my largest holding, up 10% on the open. EDIT: Make that up 19%, gota love this market. Only in America. Jim