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

To: articwarrior who wrote (42530)	4/18/1999 2:35:00 PM
From: JungleInvestor	Respond to of 95453

ArticWarrior, I agree with you, although your estimate of $25/bbl may be too low! Two other factors that could drive oil to $30/bbl are the increasing money supply (renewed inflation in the second half of the year) and new production not keeping up with depletion due to greatly reduced capex spending and many shut-ins. The US is going to be increasingly dependent on imports in this time of world turmoil and OPEC reductions.

To: articwarrior who wrote (42530)	4/18/1999 4:23:00 PM
From: diana g	Read Replies (2) \| Respond to of 95453

Hi again artic! I agree with you about all the factors pushing the oil price higher, but you haven't addressed this one impediment: If OPEC doesn't want Oil to go above $20 Brent (Or whatever price they decide), How can they fail to keep it down? Their power to keep the price up where they want it is subject to doubt. But not their ability to hold it down, imho. How will the oil price rise above OPEC's upper limit with the Saudis et al ready to open the taps to keep the price from going too high? regards, diana