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To: Broken_Clock who wrote (5165)12/15/1997 11:56:00 AM
From: Thean  Read Replies (6) | Respond to of 95453
 
While we still don't know the cause of this panic selling, the only thing sensible to attribute to is fund selling. But they are supposedly almost done by now. So that led to me to wonder if it is due to the recent announcement by the majord (Chevron, Texaco, and Shell most recently) that they have no plan to aggressively increase their e&p budget from this point on.