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: Brent Hogenson who wrote (43767)	5/3/1999 1:43:00 PM
From: SliderOnTheBlack	Read Replies (2) of 95453

Brent; don't confuse longterm and short term - and the incentive to cheat ! Greenspan et al - do not want $20 Oil. OPEC does not want $20 Oil. OPEC wants depressed competition - where only they have adequate margins to suck in the Intnl Oil majors Cap Ex $ - draining development from places like offshore Africa - which is happening as we speak.... In theory - Simmons article is right on the money; only one BIG problem. Saudi Arabia, Venezeula and a few others - hold the entire key here... The ''blatant'' play of the century - is for them to lock in/hedge forward production at these prices and to then turn on the pumps - making competiting production, development unprofitable. They want market share - they want the Intnl Oils Cap Ex $. ....and they are NOT so stupid as to miss the opportunity to make once of the most ''profitable'' moves in the financial history of the World here - and I am NOT exaggerating the genius of this move. OPEC will get revenge on the crude Oil traders - just as the Saudi Oil Minister made a near life & death pledge to do . The way they get revenge is to lock in production and turn on the pumps - cheat, cheat, cheat and get it on both ends. Also, Greenspan & the New World order wil support it. They want $14-16 Oil - everyone wins there... Watch what OPEC does....they are some of the savviest , shrewdest business people on earth. OPEC will forever cure the Oil Traders on this move here... this is also a major platform of their philosophy. To return the price of Oil back to true market cash pricing - not speculative Global Trading which many times has nothing to do with the reality of supply/demand numbers in historic perspective. Last years numbers were not indicative of $8-10 Oil and OPEC will change the way bidness in Oil Futures is done from here on out.... PS OSX will violate the upper end of the Bollinger Band right at about 80-82 - bottom of the band is 62ish.... interesting food for thought. None other than John Bollinger is appearing later on CNBC - he's seeing the technical signs of a major overall market selloff fwiw... I believe he said ''of historic'' proportion... Wonder if LT has any money left (VBG) - maybe he was just a little early... Y2K and all....damn; time to dig a bomb shelter and hoard food after all ?

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