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Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (1141)	4/23/1998 1:35:00 AM
From: mph	Read Replies (1) \| Respond to of 2005

Isn't it true that lower gas/oil prices encourage use? We're getting to the summer driving season. Except for we California consumers who never really enjoyed any legitimate benefit from the drop in oil prices, there will be increased usage. My husband has travelled all over the world. He hasn't seen any decrease in driving activities. The Asian flu problems will not last forever. Oil exploration looks to the long term, not next month. IMO, the linkage between oil prices and our sector is typical of this market, which appears to be driven, at least on a short term, tick-by-tick basis, by knee jerk reactions. Just my late night 2 cents. mph