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


To: The Ox who wrote (32691)12/10/1998 1:19:00 PM
From: John Carpenter  Read Replies (1) | Respond to of 95453
 
Michael,

On the technical side, I like to look at 20 year charts of
SLB, GLM etc., where you will see multi-year periods
of dead money or worse in enviornments similar to the
current one. I feel the internet is leading to less
fossil fuel consumption- telecommuting, shopping etc.
OPEC is not willing to do what it takes to cut production.
Cash starved nations will continue to pump oil at any
price.

John