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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Solid who wrote (249)	4/13/1998 6:52:00 AM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1153

I think crude prices are beaten down only because of El Ni¤o and the resultant warm winter. I understand that this past winter is one of two in history where oil supplies actually increased. This won't last. I would suggest reading the article about oil in last month's Scientific American. Apparently, the worldwide increase in demand each year is outstripping the increase in reserves due to drilling. Another interesting fact is that the daily output of an oil field decreases as the field passed 50% depletion. Thus, even though there may be plenty of oil remaining in a field, the flow rate drops off. This is important because the worldwide demand each day is increasing at the same time that flow rates from established fields is decreasing. The article predicts that the worldwide supply of proven reserves will peak in 2008-2010, and afterwards will decline yearly. Oil companies are exploring and drilling aggressively, anticipating all of this. Their plans aren't based upon spot prices, but rather on their estimates of crude prices years in the future. Since oil company plans are the driving force for the services industry, I don't see any let-up in demand or day rates for supply boats, etc.

To: Solid who wrote (249)	4/13/1998 9:26:00 AM
From: JZGalt	Read Replies (1) \| Respond to of 1153

Appreciate any comments. What's the big hurry? If the wall street types didn't link these stocks with the price of crude, do you think you would have been able to buy them at the bargain levels over the past 2 months. Sit back relax and enjoy the ride up as they continue to turn in good earnings and gasoline prices start to rise. The St. Patrick's Day massacre was the bottom. Eventually the pea brains will figure out that the need for crude oil did not go away.