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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Carolann who wrote (17281)3/31/1998 8:46:00 AM
From: Teddy  Read Replies (3) of 95453
 
Carolann, some big words in that one:

"The market should judge the OPEC decision in two months," said Saudi Arabian
Oil Minister Ali al-Naimi.

He said the Organisation of the Petroleum Exporting Countries could take further
action to support the market if necessary in what he called its new spirit of
pragmatism.

pragmatism

pragmatism (pr…g'me-tŒz'em) noun
1. Philosophy. A movement consisting of varying but associated theories, originally developed by Charles S. Peirce and William James and distinguished by the doctrine that the meaning of an idea or a proposition lies in its observable practical consequences.
2. A practical, matter-of-fact way of approaching or assessing situations or of solving problems.

Talk is cheap and oil will get cheaper.
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