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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (13794)	3/7/1999 10:20:00 AM
From: JDN	Respond to of 13949

Dear Mac: When I say low energy prices I mean historically. Right now we are beyond the Pale in oil cost. I will not be surprised if it rises some and personally I sort of hope that it does as I took a position in an Oil Unit Trust a week or so ago, however, I do not see it SKYROCKETING nor even returning to the norms of a few years ago for some time IF EVER. Technology has made it much cheaper now to explore for oil and to get more out of existing wells. At this point of course no one is doing nothing they are not contractually required to do. On top of that OPEC itself has their own problems and are very unlikely to slow down production meaningfully. Finally, demand just AINT WHAT IT USED TO BE. So I stick by my statement "cheap energy". Inflation!! WHATS THAT? haha. JDN