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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (49413)	3/1/1999 10:21:00 PM
From: Dayuhan	Read Replies (1) \| Respond to of 132070

There is blitzkrieg potential in oil. Each drop in the price puts additional pressure on governments in major producing countries, many of which are fiercely inept and have been surviving entirely by subsidizing their populations with oil revenue. Many of them are on the brink of serious political unrest; if they go over the brink there could be very rapid increases in oil prices. Think of a coup in Saudi Arabia. It's entirely possible; at least owning some oil stocks makes the prospect sound a little less unattractive.

To: Knighty Tin who wrote (49413)	3/2/1999 1:01:00 AM
From: Wildstar	Read Replies (1) \| Respond to of 132070

Michael, I have some basic questions about the oil services industry: 1)Do you think that we could see a period like certain periods in the 80's, or early 90's, when the oil services stocks were basically dead money for years? 2)Is the oil services sector a growth sector, or would you call it purely cyclical? By that I mean, do you think in the next upcycle that the companies will have higher earnings than they had at the peak in 97? Thanks in advance.