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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Aggie who wrote (263)	2/25/2001 11:32:46 AM
From: jim_p	Respond to of 23153

Hi Aggie, Welcome! Good question on the OSX? It's my believe that despite the higher than normal oil and gas prices we have today, the OSX will continue to trade in a narrow range to down ward side. If we have another leg up in the OSX this spring, it will be after oil prices stabilize and begin a bull market. The future is very bright for both oil and gas, but their is too much uncertainty in the short term with regard to 1. the U. S. economy, 2. the volatile stock market, 3. the effects of a U. S. led recession on other world economies and 4. if OPEC will cut back enough to avoid a temporary world glut in oil supplies. The reality is it is still possible to see oil prices plummet far below $20.00 in the short term. If that were to happen, the OSX would tank and it would establish an excellent buying opportunity later this year, or early next year. My personal preference would be to see oil back down below $15.00 for 3-6 months so we can do it all over again. Take care, Jim