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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: kormac who wrote (13229)	9/22/2002 8:58:09 AM
From: jim_p	Read Replies (1) of 206214

seppo, The market is never wrong. Oil service activity has been flat for the last 6 months now. Service company margins are falling as lower activity levels linger on. OSX stocks are falling. Oil inventories are low, but gasoline inventories are very high for this time of year. This will have a major impact on the price of oil. eia.doe.gov Right or wrong, the market believes we will see lower oil prices before we see higher oil prices and the declining supply of NG is not having an impact on oil service activities to date?? Always best to let the market play it's course and not fight it. Weshallsee?? Jim

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