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Gold/Mining/Energy : Oil and Gas Prices -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (52)	4/24/1998 8:55:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 82

I trust it was the reporter who wrote "gallon" where it should have been "barrel." As a person whose income has been cut by the cheapening of oil, I found this piece very interesting. Thank you Tomas.

To: Tomas who wrote (52)	7/9/1998 6:26:00 PM
From: Ming	Read Replies (1) \| Respond to of 82

Precise threat: Saudi succession. Fahd can croak any day now, and his successor, Abdullah, is an Iranian sympathizer. But OPEC has such little control on world prices. The long-term depressant on crude is a massive increase in CIS production. But the political situation there isn't any better either. In the meanwhile, Saudis will just have to live with soaring deficits, and hope that the cuts recently announced will help lift prices. But that won't occur until the market digests the current glut, which could take several months.