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


To: pz who wrote (24121)6/15/1998 12:53:00 PM
From: William L. Oppenheim  Read Replies (3) | Respond to of 95453
 
Oil at around 12.50 / barrel. Since we have not seen a proportionate decrease at the pump, there must be windfall profits coming to the Integrated Companies, or at least the ability to hedge losses now that they can buy the raw product so cheaply. Anyone remember what the Windfall Profits Tax was and whether it expired or is still on the books?