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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (78782)11/13/2000 9:05:32 AM
From: BigBull  Read Replies (2) of 95453
 
I am of a mind that lower oil prices but not crashing oil prices might be better for the patch in the long run, and that Greenspan is assuming as much importance in the oil markets as OPEC. I know this opinion is probably shared by very few, but I hold strongly. I'm starting to see the R word creep into financial commentary more and more. R's tend to develop quickly when they come and catch most by surprise. The catalyst for one would most certainly be $40 oil. Of that I no longer have any doubt - no more equivocation. Still, oil shares could very likely pop on it, I'd sell that rally.
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