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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera! -- Ignore unavailable to you. Want to Upgrade?

To: M. M. Jones who wrote (2794)	2/27/1998 10:05:00 PM
From: bob	Read Replies (1) \| Respond to of 4736

nrstg1s.djnr.com

To: M. M. Jones who wrote (2794)	2/27/1998 10:21:00 PM
From: Theo	Respond to of 4736

M.M., The lead article in November 3 Business Week cover story was similar to the USA Today article, which I did not see. The BW story was "The New Economics of Oil" and the subtitle was "With technology dragging down the cost of finding and producing the precious stuff, prices won't rise -- even as demand soars." Well, demand isn't soaring currently because of the collapse of Asian markets and perhaps other reasons, and as you pointed out the recent Middle East scare did not drive up the price of oil as usually happens. The price is down. Clear back in November? Where have I been?<g> As the article states, the price is down. But, I think we all agree that soft demand will not be the norm. Even back in the early 90's the Pacific rim countries were exerting an ever increasing demand for oil to fuel their exploding growth. China, alone, is estimated to consume more oil than the entire industrialized West by the year 2010. If not for Asia's irresponsible monetary policies (according to the IMF), they would still be growing. But, we know it won't last. Growth will again gain momentum and demand for oil will eventually rise, and when it does, as you said; "If there is an announcement of an agreement between UPR and NAMX, as continues to be promised, it will be a big plus for NAMX and will obviously mean that NAMX is strategically placed to take advantage of the "high-tech transformation of the industry." Agreed. Here's to announcements!;) Theo