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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 (25389)	7/9/1998 1:35:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 95453

When do these companies report? Can someone post the dates of all our favorite companies? Maybe once all the bad news has been reported and everyone's worst fears come true and horrible statements are made about the future and everyone converts to solar and electrical power and people bathe, eat and drink oil, THEN and only THEN will these stocks uptick a 1/16th or so. Just my rational thoughts... Baz

To: marc chatman who wrote (25389)	7/9/1998 1:51:00 PM
From: Gator II	Respond to of 95453

OT, kinda Marc, agreed, but general demand for oil would undoubtedly be weakened during business recessions or, as in Japan at the moment, quasi depressions. Also, we can't rule out the fact that some buyers (foreign oil importers) are so strapped that they can't buy, even with heavy demand from their in-country customers, because they were reluctant to raise prices in their local currency or prohibited in doing so by government edict and they therefore, wouldn't have adequate working capital to buy dollars to replace oil inventories. It would seem that these buyers would themselves be replaced by financially more solvent ones as time went by and with pent-up demand building, and in-country inventories depleted, during the interim extraordinary replacement orders would eventually be placed irrespective of the then prevailing price. If any of this is true, maybe this is what occasionally causes the wide swings we see in all international commodities traded in dollars. As an aside, it makes me wonder what the effect would be if the Eu ultimately replaces the US$ as the international reserve currency. With the Eu being backed by gold to the tune of 15% (high end of the range anticipated), I fear this could happen eventually. If it does, we, too, may someday be paying the equivalent of $4+ a gallon for gasoline in 1998 dollars. Now that, should it ever happen, really would be cause for us to expect a major downturn in the U.S. economy. Gator II