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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (53731)	9/27/2004 11:45:01 PM
From: Taikun	Respond to of 74559

It is a good thing the investment bank analysts know a thing or two and set the avg price for WTI crude a little higher at around $35. On top of that Morgan Stanley downgraded NBR and PTEN. Who needs drillers, eh, when the Middle East must be awash in oil. I hear that they just have to take the kids out for a walk in the desert with the beach pail and shovel and a toddler can find oil. Those crazy investors, buying oil and natural gas stocks. Don't they know we've got them under our thumb with gold already?