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: marc chatman who wrote (32168)	11/27/1998 9:36:00 AM
From: John Carpenter	Read Replies (3) of 95453

I'm afraid that the bulk of the liquidity is chasing momentum fueled by herd psychology. Nevertheless, a friend of mine pointed out to me that the internet is transforming our lives by leading to less oil consumption. For example, I'm working more and more out of my home office. I'm shopping on line. Even as I'm writing this post, I'm using less oil than I used to. I'm staying inside a lot more and doing a lot less driving. All change starts at the margin. I'm afraid that the internet revolution will lead to less fossil fuel consumption. So, maybe the internet isn't all hype. Maybe oilservice is not attracting liquidity/buying for good reason. I should have listened to the market.

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