SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BigBull who wrote (60899)2/25/2000 9:41:00 AM
From: JungleInvestor  Read Replies (1) of 95453
 
BigBull, wouldn't you say that OPEC and soft landing is an oxymoron? People are just beginning to realize inventories are at precariously low levels and it will take some time before OPEC makes a decision (end of March) and the increased production reaches the market. OPEC will probably be very conservative in the production increase in order not to repeat its prior mistake of increasing production too much. IMO it will be too little, too late. Even with the increased production, demand will probably outstrip supply. The wild card is whether OPEC even has the capability to increase production enough to meet future demand. We all know that they fib about their production capabilities in order to get a better deal when quotas are being set. Another wild card is whether Iraq will hold the world hostage when supply shortages appear by stopping production in order to eliminate the embargo. Boom 2000 will eventually come and it may be a bigger boom than anyone realizes!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News