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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bat5454 who wrote (34100)	10/17/1998 1:59:00 PM
From: Knighty Tin	Respond to of 132070

Bruce, I like, in order, 1. Producers, or, more importantly, owners of petroleum reserves. I like a lot of them, but Plains, Pogo, and Burlington are my favorites. 2. Service cos. I like the usual suspects here, with SlumBurger being my favorite and the largest position. I also own thirds of Haliburton, Helmerich and Payne, Global Marine, Falcon, and Tidewater. BTW, Barron's is mostly a waste this week. But the editorial, which I almost never read, is excellent. The guy, who I've never heard of, makes a case for a huge shortage of oil in 3-5 years. He does make one assumption I didn't buy. He talks about production in the North Sea and Alaska declining and the Opec holdings past their peak. But when he mentions third world discoveries, he just says "nobody knows." That is a thing I think he should have some idea about before he calls for a shortage. Still, I agree that the easy, cheap sources are declining quickly. I look more for a weak dollar to take flat prices higher and curtailments to slow production. But I also believe that there is not an infinite supply and we may have peaked worldwide. MB