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

To: Thean who wrote (14256)	3/9/1998 9:09:00 PM
From: marc chatman	Respond to of 95453

One more thing from Maxwell -- he reiterated that there is no more storage available for all the oil being pumped. He believes this will cause lower oil prices. This sounded like he was saying that prices would be lowered to stimulate demand. To what extent would lower oil prices actually stimulate demand in this economic environment? Any opinions? I'm thinking that with the economy here already running on all cylinders, the demand curve should be fairly flat as price declines. Perhaps in Asia lower oil prices will stimulate demand -- eventually.