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

To: upanddown who wrote (16370)	3/24/1998 5:15:00 PM
From: Don Westermeyer	Read Replies (1) \| Respond to of 95453

Problem is they are one of the few big producers with a vibrant economy outside oil and a huge budget surplus. I don't really see that as a problem. If anything that should reinforce a decision to cut production. FWIW - One analyst is predicting oil to rise above $17. smartmoney.com "Mexico provided the opportunity for Saudi Arabia and Venezuela to see eye-to-eye again, and you better believe the producers involved will make sure this deal has teeth," said Antonio Szabo, president of Stone Bond Corp., a Houston consulting firm. He predicts oil futures will rise and find stability above $17 a barrel - still below the $19 to $21 a barrel range seen for much of last year.