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: SliderOnTheBlack who wrote (43977)	5/5/1999 12:09:00 PM
From: Think4Yourself	Read Replies (1) of 95453

Of COURSE the intl majors are shorting oil. They pay royalties based on the price of oil. It is in their best interests to short if there is any chance the price is a speculative bubble. What you DIDN"T mention in your quote was the sentence before the one you quoted, which essentially said that if the oil majors are wrong then their covering will drive prices sharply higher. How often have they been right lately (VVBG!)?? Were they right about OPEC coming to an agreement? About the level of compliance? About Asia or South America? About ANYTHING? Texaco faces royalty suit by group cnnfn.news-real.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next