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

To: johny who wrote (3972)	11/29/1997 10:01:00 PM
From: chirodoc	Respond to of 95453

<<<<Iraq Says It Accepts New U.N. Oil-For-Food Deal .......saddam has no choice--he needs the cash and knows he will get his ass kicked in another war. .......OPEC is a loose coaltion but they have kept the price of oil pretty stable--i would be surprised if it drops to $15 like so many bears predict--although anything is possible with deflation. .......i predict that in 6 months japan will start to pull out of recession --B of J will print lots of mony, stabilize the weaker banks and let more businesses close--creating more deregulation. the yen will drop acting like a tax cut for business and easy credit will make it more likely that consumers will spend--this will start japan on the road out of recession. .....with u.s., canada, mexico, and europe in modest growth mode, japan getting ready for the end of recession--the demand for oil will not drop off significantly--only ASEAN countries are in the dumpster. ......this is not the end of the world for drillers when 2/3 of the world economy is firing on all cylinders.