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: Gameboy who wrote (28435)	8/27/1998 8:32:00 AM
From: marc chatman	Read Replies (1) of 95453

<<but the price of oil is controlled by the people who control 40% of the world's production>> Perhaps -- if you assume that those people speak with one voice and act in unison. That's assuming a lot. The market once again looks like it will be at the mercy of short sellers today. Negative factors for the day -- futures down big; integrated oils down big in Europe this morning; crude futures down. Someone on cnbc this morning was looking at the Russian situation and said they probably can't produce much more crude, but they aren't in any position to assist OPEC with any cuts. I don't see any positives for the day. Am I missing anything? Is OSX 50 in the cards for today? I suppose we'll know by 10am.

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