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

To: upanddown who wrote (43731)	5/2/1999 5:11:00 PM
From: diana g	Respond to of 95453

<<Off Topic>> ROFL--John, you beat me to the punch on that oily hair thing-- I was already formulating my response/liability warning before I got to your next-to-last paragraph. <<<On Topic>>> Interesting points in that quote. I'm pondering. regards, diana

To: upanddown who wrote (43731)	5/2/1999 5:18:00 PM
From: AltLar	Read Replies (2) \| Respond to of 95453

I think to get a truer picture of the oil price trend we need to take a longer view point. If we remove the peak from 1977-1987 there is a clear long term upward slope on the price curve... oilworld.com As to increased discoveries due to technological advancement, well that seems to be a myth as well. In fact the discovery curve has been in sharp decline since 1960 and is not showing any signs of a reversal despite technological advances, (see Ivanhoe, World Oil supply chart in the following URL). Most of the geological petroleum experts now predict we are on the cusp of the production curve peaking and reversing direction just as the discovery curve peaked in 1960. hubbertpeak.com Like many others on this thread I think the OS sector will outperform nicely for quite some time to come. Larry

To: upanddown who wrote (43731)	5/2/1999 8:32:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

John: Thanks for that Larry Kudlow quote! As I have already said, this guy and his mentor Wayne Angell are ideologically committed to the idea that oil and commodity prices will remain low forever. If oil goes up and stays up their credibility as forecasters will take a huge hit. These masters of the universe apparently were too wrapped up in their esoteric theories to realize that oil had fallen too low for even the US government which has a strong interest in Mideast stability.