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 : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brent Hogenson who wrote (39115)3/6/1999 5:39:00 PM
From: Crimson Ghost  Read Replies (1) of 95453
 
Typical doomsday type article often seen at the bottom of major bear markets. I would place it in the crackpot category. The argument thst oil will fall to $5 and remain there for a long time is so absurd that not even the strongest bears have made it before. The idea of oil falling to $5 (unlikley as that may may be) is not in itself abusud, but the assertion that prices could remain there for years defies credibility as oil investment would grind to a total halt. The idea that Iran and Russia would just sit there as the Gulf Arabs revaged their economies is equally

Alan Greenspan and Don Wallenchuck versus an obvious hack at the Economist. Take your choice.

That artivle reminds me of Business Week "Death of Equities' article that came out in 1975 when the Dow was around 600.
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