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: John Doyle who wrote (44743)	5/14/1999 11:28:00 AM
From: Think4Yourself	Read Replies (4) of 95453

Smart buy. As fears of inflation continue to mount the money flow into this sector is going to increase. That coupled with the weekly API numbers make this sector the best place to be this summer. Saw fund managers hedging their inflation comments on CNBC. They did the EXACT same thing regarding the OPEC agreement. What economist worth their weight in pennies says that a 50% increase in the cost of energy will not have a significant effect on inflation, especiaslly when the increase is WORLDWIDE??? Saying we will not be effected because we are a service economy is dumb beyond belief. So what if merchandise wasn't made here? Unless someone has figured out how to manufacture products without using energy, it still costs more to make thus the prices are going up! Sheesh, a guy from the Dow Jones newswires just said the numbers are probably "a fluke"! Next thing you know they will be saying the numbers are wrong.

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