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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn T who wrote (663)	3/17/1998 12:38:00 AM
From: pz	Read Replies (1) \| Respond to of 2282

Glenn, <<<Any guesses on how low oil will go?>>> I have no clue, but do know that it is making the people in the oil business very uncomfortable. We will be coming into the summer driving season shortly and there are numerous other things that should drive the price of oil up. I'd like to think that we are either at the bottom or very, very close. I certainly hope that this isn't wishful thinking. I'm doing contract work for a company that has plans on drilling 20 wells (on land) in the next few months and they haven't been discouraged yet by the price of oil. They are mainly taking a long term view of it. Paul