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: Ken Ludwig who wrote (59667)	2/3/2000 2:11:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

"contain world oil prices, which have nearly tripled over the past year". PPPPuuuuuuuuuuuuuh leeeeeeeeeeeeeeeeeeeze. Oil prices that have "TRIPLED" ! Why doesn't OPEC, or the E&P Industry take out a series of full page ads in USA Today, the WSJ, Barrons, and major City Dailies and put the present price of Crude Oil in perspective ? How can these guys get away with comments like - Crude has trippled ~! Sure, from an absolute freefall market collapse low, it tripled.... The avg price over the last 12 months is not much over its historic avg. They ought to compare US Gasoline prices with those of Europe and put the price of Oil & Gas into today's $ - comparing it to historic inflation adjusted prices. This is such a crock - I can not believe that these people get away with printing this stuff... But; that is why this is becoming such a tightly compressed coiled spring - because so many are assured that OPEC will acquiesce and that we will return to sub $20 Crude by year end - WRONG ! Here's another great spin: <<Current crude oil prices are unsustainable in the long run as they do not reflect the market forces of demand and supply, World Energy Council Secretary-General Gerald Doucet said on Thursday. >> ... so where was this asshole with his "doesn't reflect market forces of supply and demand" - at $8 bucks last year ? Let them burn coal I say ! - Time to pay up ! Tradingwise: it's time to be patient - we are not going anywhere fast untill after the OPEC March Meeting announcement. Curious as to how much money exits here - playing it safe untill OPEC formally announces ? I allready know how much money will return once they extend cuts ... it's the first part of the equation that worries me (VBG)...

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