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: BigBull who wrote (36285)	1/31/1999 8:41:00 PM
From: Pete Young	Read Replies (1) of 95453

I wonder what stimulative effect the current low prices of oil have had on the economy? Since oil underpins almost everything we do, it must be much like lowering the cost of money. Oil is now going for $12/b. In the spring of 1986, certain loads of Saudi oil were going for $6/b. I wonder what the inflation corrected price of oil ('86 dollars) is? Remember 1987, as it pertained to stock prices? The Internuts are 'way high...what if the price of oil was to turn around hard??? It also took a war in the ME in order to launch the price of oil (1990), and it didn't stay high...deflated with everything else. Don't want to poop on the party, but I'm just wondering what it is that will turn the price of oil around, now that we have Russia, a bigger producer of oil than Saudi Arabia desperate for cash. Not saying that the price won't turn around, and if history is a guide, turn around fast and hard, but what's the stimulus? War in the ME? The Arab/Persians aren't as nationalistic now as they were in the 70's. Maybe a fundementalist uprising in Saudi Arabia? The ingredients are there. Pete

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next