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

To: Broken_Clock who wrote (8689)	1/19/1998 1:37:00 AM
From: Erwin	Read Replies (1) \| Respond to of 95453

Who to Believe, What to Believe? Good post Dave. In 1973 or was it 74 that I sat in lines in Pittsburgh that were over a mile long only to find that when I got to the pump that I was restricted as to the amount of gas I could buy. Then I remember traveling to DC in the 70's and you could only buy gas when the last number in your license plate matched the last number of the day. I think I had an extra license plate in my trunk on that trip. If I remember the headlines in the Wall Street Journal correctly they said, "Oil - the Black Gold of the Eighties". The next thing I knew they were tearing rigs down faster than they put them up and selling them for scrap iron. Yeah, I remember and I remember losing a couple of bucks too. Who can you believe? Good question. If you read ABC News it reads as if the price of oil will go to five cents a barrel. === Example: Oil, oil everywhere, but nobody seems to want it. A glut in the market brought on by warm winter weather and new sales by Iraq have sent oil stocks and futures falling sharply. === Who to believe what to believe. Let the buyer beware. If the drilling stocks drop back to the 52-week lows again I will probably buy more. Erwin