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


To: Challo Jeregy who wrote (23415)6/4/1998 2:58:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 95453
 
Challo, I think the answer (Makes one wonder, why is ARCO & UNOCAL selling profitable parts of their companies to raise $$$ for further e&p.) is straight forward. We are running out of oil. They would prefer to give up current earnings in order to capitalize on what they are sure will be burgeoning demand in the face of shrinking supply. It's just a matter of time.

TTFN,
CTC