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: Think4Yourself who wrote (61569)	3/6/2000 5:02:00 PM
From: JungleInvestor	Read Replies (1) of 95453

Clever post on chain reaction of oil prices - new phrase coined (maybe it will catch on). To: Alex who wrote (50074) From: Richard Mazzarella Monday, Mar 6, 2000 8:33 AM ET Reply # of 50091 Alex, I think the government is shutting down the stock market by letting oil prices rise. I don't remember which presidential candidate said, I think Gore, they were letting oil rise to allow Russia to produce income. Raising oil prices raises production and distribution costs, which should raise prices and slow demand. The rise in prices can then be used as argument to raise interest rates, they double barrel shotgun the economy and stock market. The market will then return to normal valuations if they pull it off, Russia remains democratic, the air becomes cleaner, new auto technology is supported, and Johnny can think more about morality than materialism. Maybe that's not so bad after all? <VBG> Maybe we can coin a new market term: "oiling the economy"? LOL

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