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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (25937)	4/30/1999 6:09:00 AM
From: island mutt	Read Replies (1) \| Respond to of 50167

Ike, Concerning your view on OSX stocks - I understand that non-opec oil will find it's way into the market. Isn't this exactly what we're looking for with the OSX stocks. If the price of crude stays anywhere close to what it is, that should get the drillers and their suppliers back into action. It's not beneficial for any new drilling if the price of crude is lower than production costs. The only thing that will get them back in action is crude pricing high enough to make drilling and exploration worthwhile. I think there is a bit more left in this run. Compare OSX prices last May with crude against current pricing conditions. Your opinion would be appreciated as I'm loaded in FLC-TMAR-FGI. Thanks much, Mike