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

To: Crimson Ghost who wrote (36974)	2/6/1999 7:25:00 PM
From: Robert T. Quasius	Respond to of 95453

Growth of commodity consumption in Non-Japan Asian economies was the highest because these economies are low consumers to start with. As these economies grew, the use of motorcycles, automobiles, trucks, electricity consumption, etc grew at much higher rates. I expect that growth to resume in 1999, and for oil prices to increase in the latter half of 1999. Natural gas prices will increase faster, as gas wells deplete faster, and the drop in drilling activity will cause natural gas prices to return to historic norms faster.