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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: William JH who wrote (60073)2/10/2000 11:17:00 AM
From: Crimson Ghost  Read Replies (1) of 95453
 
The reason why most feel that oil will soon drop sharply is that the US government is pushing for this. And these days the markets assume that the US always gets its way on important issues. As I said a few days ago, the US government -- and especially the current Administration -- is the enemy of oil service investors. Make no mistake about that.

I still think we will see a big upmove in the OSX shortly after crude comes down (assuming it settles over $20 as I think it will)
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