SI
SI
discoversearch

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 : RON STRUTHERS: BEST STOCK PICKER
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheBusDriver who wrote (18)11/6/1998 7:16:00 PM
From: Ron Struthers  Read Replies (2) of 151
 
Hello Wayne, we seen how an economic slowdown in Asia, Japan and other countries affected the oil market. If the biggest engines of the world economy slow or go to recession, that being Europe and the U.S. it will cause further weakness in these already slumping economies as there export market drys up and this along with weakening demand from Europe and U.S. will hurt the demand side, causing oil to remain low or go lower.

Because the current recessions are caused by debt, all the oil producing nations will fight and quibble to keep their production up because they all need the hard currency to maintain debt servicing. I doubt there will ever be a solid agreement that is adhered to, to reduce supply, at least enough to get the price back up.

Eventually low prices will shut in production to balance supply and demand but it could take quite a while, those layoffs you speak of

Eventually Gas prices (N American) could be affected too, but for now they are buffeted because the N. America economy is still hanging in.
Basically gas is not affected by a world economy but more the local N American economy. If you are talking of gas producers outside N. America than market conditions could be different.

Clear as mud???

Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News