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

To: Douglas V. Fant who wrote (37880)	2/20/1999 11:33:00 AM
From: gregor	Read Replies (1) \| Respond to of 95453

Douglas: You are a researcher; what are he odds of the most significant happening coming out of the OPEC meeting being that they will stop pegging the price of oil to the dollar. One reason I am bullish now on Japan ,now, after about 5 years is this reason. The combination of a falling yen( to the dollar ) and falling oil prices is a very stimulative event. That and the recent cut of interest rates I feel will boost the economy in Japan more than most people feel. But the main point , I feel is that "part" of the problem with the world economy is that the oil price has been pegged to the dollar. Most countries are either an oil importer or an oil exporter, with no in between. As world economic events unfold that are either bullish or bearish for oil; countries find themselves caught in one camp or the other; it seems there is not an in between. I feel this causes disruptions in the world economies which need to be evened out. The first part of this strategy should be to come up with another system. As a far fetched idea, why not peg the price of oil to a basket of currencies, or for that matter a basket of commodities.......gregor