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

To: ENOTS who wrote (874)	7/5/1998 7:49:00 PM
From: John F. Poteraske	Read Replies (1) \| Respond to of 1305

I've read various articles relating to how Demand would surge if China's growth projections come to fruition. Various people such as Stephen Leeb had some wild projections, and was positive on oil. Although I tend to believe that the world will remain very dependent on oil-I believe that at some time third world consumption will skyrocket, and drilling will pick up very quick in order to meet demand. If you look at the long term price trend of crude-it is very negative going back the last 20 years. I could possibly imagine that opec would be willing to suffer some short term glut-in order to provide the low prices to get third world countries economies to grow. JP