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: ForYourEyesOnly who wrote (77915)11/5/2000 11:02:18 PM
From: Archie Meeties  Read Replies (1) of 95453
 
All oil states will eventually accept euros - some in addition to dollars, others exclusively. That's been known for several years. What hasn't been known is the timing of this change.

It doesn't strike me as curteous that this is considered at a time when signs of a domestic slowdown are becoming harder and harder to overlook.

Question for the thread to ponder: Will a reversal of the USD revitalize the US multinationals? trigger a new equity bull? I think the answer is no to the latter, yes to the former. In select issues, even small shifts in the euro have massive effects on earnings. I recently calculated the impact on a falling euro on Nokia's earnings - roughly 15% under expectations had the euro not fallen. The converse will also hold true.

Just a whiff of hope for the euro and this one came out swinging.
stockcharts.com[H,A]DACLYYMY[DD][PB50!B200][VC60][IUB14!LA12,26,9]
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