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

To: Malcolm Winfield who wrote (43665)	5/1/1999 9:38:00 AM
From: Crimson Ghost	Respond to of 95453

When assessing Larry Kudlow, important to realize that he along with people like Wayne Angell are fanatic devotees of the "commodity prices will remain low forever" school of economics. He has been right on the money these last few years. But methinks his moment in the sun is nearly done as the fundamental paradigm governing the global economy again shifts. So if oil prices go up and stay up, his credibility as a forecaster will be badly damaged. Much as I disagree with Kudlow, his past history of drug use has no bearing on the accuracy of his current forecasts. Let's atttack the message, not the messenger. Attacking the messenger is often the weapon of those who cannot counter his arguments. BTW, let's stop these infantile personal attacks and counterattacks. They demean the thread and will drive people away if not stopped or greatly curtailed.

To: Malcolm Winfield who wrote (43665)	5/1/1999 11:07:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

More problems for Caspian Sea oil: thr 011 fm-oil-accord iran terms u.s.-azeri oil accord ''devoid of legal grounds'' tehran, may 1, irna -- foreign ministry spokesman hamid reza asefi here friday evening said that the oil contract signed between american oil companies and the republic of azerbaijan on utilization of the caspian sea oil reserves is devoid of legal grounds. asefi said that mechanisms for exploitation of the caspian sea reserves is a topic of discussion among the littoral states, adding that in case of the division of the sea, some of the oil fields in areas specified in the recent contract signed between u.s. companies and azerbaijan, will belong to iran. therefore, any measure in the region is a violation of the rights of the islamic republic of iran, asefi said, adding that oil companies have already been cautoined and given warning on the issue. the islamic republic of iran while opposing signing of such accords, considers them as devoid of legal credibility and grounds, he said. fs/ns/ys end ::irna 01/05/99 12:31

To: Malcolm Winfield who wrote (43665)	5/1/1999 1:12:00 PM
From: AltLar	Read Replies (3) \| Respond to of 95453

Caspian reserves may well be overstated. In January of last year I had several email correspondences with C.J Campbell of Petro Consultants in Geneva regarding his book "The Coming Oil Crisis". I questioned him regarding his take on Caspian reserves and he stated they were extremely overstated. BTW his book is a comprehensive analysis of global production, supply, and reserves over time. It is fascinating, also very readable. I believe it is required reading for any long term investor in this sector. I also questioned him regarding the apparent, recent oil glut. He said he was trying to predict the climate not the weather. Larry