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: The Ox who wrote (31318)	10/30/1998 8:00:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

Michael H; ie: OPEC ''Bear Trap''... I agree that it would not be easy or practical; but I read more than one article where the Saudi Oil Minister did everything but declare a Holy Jihad () upon the Crude Traders ... Jihad, <<The term jihad, usually translated “holy war,” designates the struggle toward the Islamic goal of “reforming the earth,” which may include the use of armed force if necessary. The prescribed purpose of jihad, however, is not territorial expansion or the forcible conversion of people to Islam, but the assumption of political power in order to implement the principles of Islam through unannounced drastic crude oil production cuts meant to directly enhance one SliderOnTheBlack's prolific American Oilpatch Stocktrading portfolio...<VBG>. ...easy ?; no. Probable ? ...we will just have to wait & see... Perhaps a few well placed $Multi- Millon Dollar Trades on the long side of crude futures, simultaneously coupled with a ''unannounced production cut''...? I'd say that would ''cure'' the problem for a while. Amazingly, these guys have both the money and the oil; to be manipulated by "Traders'' to the effect of perhaps $2-3 per Brl currently, is testimony to their incompetency... I'm expecting continued compliance and steady reductions at the worst; and at the best, a little surprise from OPEC... I just have to think that these guys aren't this damn stupid. ... per the "Golden Rule'' - They have control of both the ''Gold'' and the "Rules" and they still can't control or win the game... go figure. PS - ...don't anyone forget the ''Rainman'' has huge bets on the longside of crude futures. Didn't Rainwater just appear on the cover of Money magazine with the Saudi Prince among others...? hmmm The International Oil Giants just met, Saudi Arabia is ''flirting'' with opening up their massive Jewl-Box of Crude Reserves to the Majors; and OPEC has a ''pre-meeting'' & basically says - ''who us ?'' - be happy - Traders; stay short...we're no threat.... Opportunity is not just knocking for OPEC; it's about to break the damn door down...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next