Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (25597)	7/13/1998 8:08:00 PM
From: Bernie Diamond	of 95453

Big Dog: <<UNCLE>> I thought you finally capitulated since we're all in the "dog house", so to speak. <g> I think there are many sheiks unhappy with Iran cheating this early, which may lead to some "action" in the not too distant future - unless there is a high degree of compliance very, very soon. Every oil producer is hurting, and those complying with the agreed upon production cuts will have no choice but to punish the cheaters. How, remains to be seen. JMHO. I'm not selling and will continue to buy on the dips (long only). I'm not good enough to predict a bottom, but I recognize a steal when I see one. Until there is a cheap substitute for oil, OIL IS KING! Good luck to all. Bernie

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