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

To: Jon Cave who wrote (35972)	1/27/1999 3:57:00 PM
From: Malcolm Winfield	Read Replies (2) \| Respond to of 95453

James Kudrow - Individual Investor Magazine: Has anybody read his commentary this month? He believes the only reason oil ever had any price strength at all since the 70s was because it was a hedge against inflation. Now that inflation has virtually disappeared, we no longer need it as an investment option. He also goes on to say that oil really has little to no value to all in this economy and that none of the analysts get this fact. His view is the economy is changing from one that is commodity based to a technology based / driven market. He predicts that prices will remain low for years to come due to oil finds in the Caspian sea and other regions and the US will prosper as a result of it. His column is called "It's the Economy". I personally own FLC,HAL,and GLM. I'm not sure I agree with Mr. Kudrow, particularly on the completely technology driven economy. His commentary has brought up some doubts for me though. Has anyone else read this article? If you have, I'd like to hear your opinions on it. Thanks, Malcolm