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: ItsAllCyclical who wrote (71875)	8/28/2000 8:20:48 PM
From: Roebear	Read Replies (1) of 95453

JimL, Thanks for bringing up the point on the Saudis backing down from their previous promised increase. One more good reason behind the action. I definitely did notice it in trading today and commented on it, with ample enthusiasm, ggg. Despite all the reasons for oil to go up, I remember well when it ignored ALL reasons for it to go up, much less ignoring negative news (OPEC) and still going up as today. The difference between a bull and a bear market, simply put. This was the point my one liner was trying to make, rather than any consternation at the price events of the day. Thanks for the added (and probably much needed) clarification! Best Regards, Roebear

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