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

To: iandiareii who wrote (17343)	3/31/1998 3:19:00 PM
From: RealMuLan	Respond to of 95453

Just this morning, I saw this guy -- Paul Ting -- talked on CNBC. Personally I agreed with him more.

To: iandiareii who wrote (17343)	3/31/1998 4:04:00 PM
From: Tulvio Durand	Read Replies (2) \| Respond to of 95453

Reports of "largest oil stocks in history" exaggerated also? Tulvio

To: iandiareii who wrote (17343)	3/31/1998 4:19:00 PM
From: William L. Oppenheim	Respond to of 95453

Look around your cities. Folks in LA can hardly pass by a station with 90 cent per gallon gas, even if they don't need a full fill up. Traffic is increasing at a rate that is perceptable to all. The economy is humming. Cheap oil promotes oil useage (even waste). Emerging countries need oil at an ever quickening rate. What surplus? This situation should be temporary and self correcting. Even if the price of oil comes down, as the volume of useage rises, the profits will be there. Does anyone doubt that within 5 years we will be using more, not less energy. It is because the current price of oil is so low that the oil stocks are now compelling buys. In fact I would argue that as inflation (anyone remember this term)returns, the oil stocks will be a great hedge. Load up while you can; if the analysts were so smart, they wouldn't be analysts for long.