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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Poteraske who wrote (864)	7/2/1998 11:25:00 AM
From: Nazbuster	Read Replies (1) \| Respond to of 1305

Yamani and a growing number of other Saudi oil experts argue that the kingdom should double it's present production capacity of 10.5 million barrels a day and flood the world market with cheap oil. That's a depressing thought for several reasons. 1. I'd lose money on this stock. 2. It would be very bad for efforts to turn away from fossil fuels as a source of energy, something we ultimately need to do to survive on this planet. 3. The U.S. would ramp up their dependency on cheap oil and would be more vulnerable to economic blackmail. 4. I'd lose money on this stock. 5. I'd lose money on this stock. Then again, the threat of dumping huge quantities might be a good way to get the wayward OPEC members to live by their quotas. How about the Saudi's announcing that they would offer oil at 2/3 the cost to the customers of any of their competitors who exceed their quotas... Now, THIS would stir things up!

To: John F. Poteraske who wrote (864)	7/2/1998 6:00:00 PM
From: William Nelson	Read Replies (1) \| Respond to of 1305

My reaction: impossible. Look what happened when they raised output by a mere 10% (last fall)--the price crashed and now they make less than they did before. They can't afford to lose that yearly income.

To: John F. Poteraske who wrote (864)	7/3/1998 10:04:00 AM
From: ENOTS	Read Replies (2) \| Respond to of 1305

what replaces oil???? nukes???in todays outlook?????and if electricity is the answer, how to make enough capacity without burning hydrocarbons? oil and gas????maybe some new method????seems oil and gas are here to stay for a while! elaborate on the 50 yr horizon you see for hydrocarbons! I would enjoy the explanation! thanks PS...anyone feel as I do about the Arabs, I mean if I owned the oil, I think I would shut off the tap for a while, even threaten to would raise the price at once! They are just marketing experts! NOT!!!!!