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

To: BigBull who wrote (38486)	2/28/1999 3:09:00 PM
From: Razorbak	Read Replies (2) \| Respond to of 95453

The "Good Sweating": How Low Can It Go? <<Why punish Venezuela when they are coming in to compliance? What message would that send? Why punish Mexico when they are eager to join in cuts? Would that not be counter productive at this point? Since many foreign banks and investors hold the debt of oil producing countries, would not $6 a barrel force that debt to be marked to market as near worthless, thus forcing banking regulators to require the banks holding that debt to record that debt as a liability rather than as an asset on their books? Did you consider that in todays real time financial markets that banking regulators may not have your crystal ball and know that $6 oil would only last 2 months?>> Bull: Have you ever read a book called "The Prize"? If not, perhaps you should? Chapter 36 addresses your questions directly. The title of Chapter 36 is "The Good Sweating: How Low Can It Go?". amazon.com "Those who cannot remember the past are condemned to repeat it." -- George Santayana Good luck. Razor