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

To: drsvelte who wrote (20993)	5/1/1998 11:37:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

drsvelte, If I can help just ask a question. Remember the oil industry tends to move up or down in long cycles- usually about 10-year cycles. And we in the industry believe that we are only a year or two into a new "up" cycle. So when Aisa's economy bottoms and begins to improve, watch prices improve regardless of whether OPEC does or does not hold oil off of the market (In fact I can tell you that oil refinery margins are already firming in Asia- a sign of a bottom I believe) .... Mr. Cramer talks oil- a lot of us on this Thread "live" oil.... Sincerely, Doug F.