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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (58900)1/22/2000 10:35:00 AM
From: Brian P.  Read Replies (2) of 95453
 
"It doesn't deter me," motorist Chip Tuttle said at a Boston gas station Friday as he paid $43 to fill his sport-utility vehicle. "The economy is good."

Roebear, this is a great quote--it captures in one poetic line so much about American culture at the dawn of the 21st C. (aka "the Late Auto Age").

(Caution: off-topic diatribe ====> I'll bet Chip has spent all of 5 seconds in his life contemplating global warming. The fate of my oil stocks notwithstanding, I can't fathom why Chip's playtoy should be exempt (as a "light truck") from the pollution standards my car has to meet, and who thinks it will be a disaster for the planet if one billion Chinese get it in their heads that they want to live just like Chip. The Chinese seem hell-bent on doing just that. I think it's incredibly arrogant for the U.S. to lecture the Chinese and other poor nations about controlling greenhouse emissions while we go on blithely using our 12-ton SUV's to drive back and forth to the supermarket.)

Back on topic:

Phil Verleger, economist for the Brattle Group, a consulting firm in Cambridge, Mass., sees oil headed to $40 by year's end, prompting several interest rate increases and a recession by year's end.

Is that a recipe for massive tech-to-oil stocks rotation, or what?
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