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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Platter who wrote (35616)1/22/1999 8:38:00 AM
From: articwarrior  Read Replies (1) of 95453
 
Once Again I reiterate that the over reaction to low oil prices has caused a shift in the demand curve and we will see a steady upward climb from here.
Now is the time to keep accumulating at these prices. I can only hope that I can acquire as much as I can at these prices. I know those in the industry are having it tough. Sorry guys, hang in there cause this pull and tug of supply and demand is equilibrating fast. OPEC meeting just outside the window for a rise in prices but come on folks these guys cannot sustain such low prices for much longer and "greed drives need”. All OPEC and other producers of oil need the money and can see a steady decline in profits. Producing more at a lower cost has cost those countries dearly in resource depletion and long term capital reduction. Now that all oil producers have seen how really low oil can go they have no intention of proliferating there own demise. Survival will drive these guys into agreement fast.
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