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

To: SliderOnTheBlack who wrote (33426)	12/23/1998 1:02:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

DO loses a contract: bloomberg.com

To: SliderOnTheBlack who wrote (33426)	12/23/1998 3:28:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Slider: A quote from the latest Healy Economics Letter that supports your contention that low oil prices now are a major risk for the world economy. The low price of oil is evolving from a passive result of a sluggish world economy to an active cause of continuing weakness. Indonesia, Russia, Venezuela and Mexico are all suffering from the effects of sub $15 oil. The next source of financial instability will be Middle Eastern banks as Saudi Arabia and the Gulf States scramble for the shrinking pool of world capital. I think you right in asserting that a lengthy spell of depressed oil prices is anathema to the powers that be. Irgo it will not last long.