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: Tommaso who wrote (68177)	6/14/2000 2:13:00 AM
From: double-plus-good	Read Replies (1) of 95453

Tommaso; on the surface the numbers are quite bullish for the oil stocks. but if you believe the 'gubment isn't beyond fudging the ppi and cpi numbers, you might also have some reason to wonder whether some folks might like to put the pressure on OPEC to raise supply without the appearance of strong-arming them as was the case last time. of course API is not the government arm...still... if the price of oil doesn't come down soon, all those recent government lies about falling prices (PPI and CPI) are going to come back and haunt them in a big way. i should be able to take some credit for this rally. i am 2 for 2 at sparking rallies with my notes of grave concern on technical analysis. i'll try to make it 3 for 3 by noting that we appear to be making a left shoulder of sorts on the daily charts. ok, now that that's said, we can rally to 150 -g- ++

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