Strictly: Drilling and oil-field services Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Czechsinthemail who wrote (15091)	3/17/1998 2:59:00 PM
From: Broken_Clock	Read Replies (1) of 95453

Baird, Then there's the PEngr scenario....bear market, falling prices across the board worldwide, layoffs leading to lower wages rather than higher. It can happen. In the early 70s in California I experienced something like that. I was too young to know what was going on but my pocketbook knew. I can tell you that IF cheap oil doesn't spur the world economy then we are in a world of hurt. In Hawaii we have seen declining real property prices for 8 years now. You know what we kept saying as we took out lower and lower support prices? "Can't go lower than this!" It's still dropping and NOW the State is saying. "Hey. we're in a recession..." Duh! This April, Japan faces the future of their economy square in the face. If they don't pull off a miracle there is a very real possibility that the worlds' 2nd largest economy could enter a full blown depression. This would send the world into economic shock and melt down. Lower oil may be exactly what the really big boys are hoping will pull Asia out of its nose diving free fall. Maybe that's why the international community was so quick to let Iraq increase it's oil for food quota. Europe has heavy Asian exposure. Better to sacrifice the economies of a few oil producing countries than see Asia implode and suck the rest of us down with 'em. It's a fool's game in any case. The risk is turmoil in the M. E. as their economies feel the pinch and begin to do their own little implosion. Low oil, in the long run, is not healthy for the world economic system. Ain't good for my meager portfolio either>g< PK

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next