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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (2327)	10/2/2001 10:19:07 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Joan, you have to take into account the possibility of an oil disruption. What are the odds? What's the probability on a scale of 1 to 10? BTW, this thread isn't just about oil, nor is it a just about gold... It's about "Market Trends and Strategies," right now the trend is pointing upward in the PM sector. Gold, silver -- then oil Regards Frank "oilbug" Pembleton excerpt from the Daily Reckoning: * John Myers pointed out last week that during the Yom Kippur War in 1972, oil surged from $3 to $12 a barrel, a 4-fold increase; during the Iranian Revolution (1978), oil doubled from $12 to $24; and in both the Iran/Iraq War (1980) and the Iraqi invasion of Kuwait (1990), the price of oil rose from around $20 to $35. * "In each of these cases," says John, "investors that caught the move early...did very well for themselves." *** But that doesn't mean you have to invest in companies in the region. In fact, as an alternative Mr. Myers is recommending companies working the vast Athabasca Oil Sand region in Canada - a total area covering more than 26,000 square miles (roughly twice the size of Virginia). "Within this unconventional oil deposit rests more than 300 billion barrels of oil..." says Myers. "And the best part? It's 7,000 miles from the Mideast."