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To: PaulM who wrote (12105)	5/24/1998 12:24:00 AM
From: Ironyman	Read Replies (2) \| Respond to of 116822

Paul,,,, Your quote " In absence of some massive find" is so true. I believe that Billys' Boys are now letting this out after years of severe abuse from the SEC & IRS. The companys' name is Golden Eagle and they claim to have 156 Million Ozs in Boliva. Many of us have been following this,,,A very interesting story!

To: PaulM who wrote (12105)	5/24/1998 5:14:00 PM
From: William JH	Read Replies (2) \| Respond to of 116822

I just read a press release on YAHOO that Kenneth Courtis, an economist with Deusche Bank, said that Russia needs $18 oil (and higher natural resource prices) or it faces a crisis. A few months back, when crude first headed towards $15, ABC news did a piece on stripper wells, those producing 40 or less barrels per day. They reported that there are thousands of these wells in the U. S., with total stripper production around 1.5mm barrels per day (about the amount of world excess supply). The conclusion was that most (if not all) of these are only economically viable at prices around $20. The operators said things like "When there is a breakdown, we just cap the well. It's not worth spending any money on them." I've thought this before in vain, but it seems that something has to change regarding natural resouces prices.