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


To: marc chatman who wrote (24670)6/24/1998 3:34:00 PM
From: Tulvio Durand  Read Replies (2) | Respond to of 95453
 
The oversupply problem is self correcting. The "correct" cut will automatically materialize when storage is all used up. Until then, I would not be surprised if Iran, Iraq, Indonesia and possibly others needing cash badly will produce all the oil they can pump and take advantage of others' cuts. More buying opportunities lie ahead. Tulvio