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: BigBull who wrote (88707)	3/16/2001 12:51:05 AM
From: whitepine	Read Replies (1) of 95453

There are other mind sets. OPEC has reportedly taken the position in the past that high fuel prices are a function of taxes on same by the West. They might maintain, or try to maintain, high prices, regardless the political fallout. Further, their reserves and excess capacity may influence their desire to keep supplies tight. Suspect as outsiders we are all guessing on this, but I am less than certain your views reflect inner sentiment of major players. Additionally, I asked a few days ago who might be averaging in at the bottom? I would guess, but do not know, that ME $ can afford to buy major positions in western tech equities. Seems plausible to me if they are concerned about a post-oil epoch for their people. Of course, there are multiple variations of this theme. I make no pretense to have an inside track. Cheers, whitepine

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