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

To: BigBull who wrote (39827)	3/13/1999 10:16:00 AM
From: diana g	Respond to of 95453

Wary oil executives not ready to boost spending yet biz.yahoo.com <<<<CALGARY, March 12 (Reuters) - Higher oil prices driven by a new deal among major producing nations to cut output added a bounce in Big Oil's step on Friday, but wary executives aren't ready to pump cash back into their shrunken budgets just yet. ...>>>> (Those big behemoths don't turn on a dime. But turn they will, unless the producers shoot themselves in the foot. I am feeling very optimistic.) regards, diana

To: BigBull who wrote (39827)	3/14/1999 10:22:00 AM
From: JungleInvestor	Respond to of 95453

Even though the rise in oil prices will cause a tiny slowdown in GNP in the US and other countries, a much bigger benefit for the US and the world will occur IMO. The oil price rise probably eliminates the risk of the Latin American domino falling into a recession (i.e., the government coffers in Brazil and Mexico will again be filling with oil dollars that will boost their economies) and could also help Indonesia (continued exploration of their large reserves).