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

To: A. Fineigler who wrote (16782)	3/26/1998 10:12:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 95453

AF, So if I understand it correctly, there is an enormous glut that is going to stay bad or get worse because people are buying so much crude to hoard it while oil prices are cheap. Is that right? You would think if this continuing glut were so compellingly self-evident people would wait for even lower prices before buying. It sounds like a variation of the Yogi Berra comment, "Nobody ever goes to that restaurant anymore because of the crowds." Baird