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

To: GlobalMarine who wrote (40553)	3/22/1999 8:41:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Captain: Saudi Arabia has said it's ideal oil price is $18-20 a barrel. If oil goes over that level the "powers that be' will hike production to knock it back down. Oil will not be going over $20 on a sustained basis until demand has risen enough such that all out pumping by the producers still cannot satisfy it. Or the Middle East explodes triggering lengthy supply disruptions. But OS investors can do very well with $18-20 oil. A few months in that range would set the stage for a move by the OSX back to the old highs.