Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Post_Patrol who wrote (49877)	8/25/1999 9:26:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

What seems incredible to me is that the thread seems utterly and myopically focused on only one side of the oil cycle equation. The supply side. It seems as though the demand side is utterly ignored - almost as if it does not exist. Well the facts are, Asia will probably grow at 5 to 6% this year. Come y2k Asia will probably resume it's historic growth rate of 8 - 10% per annum for AT LEAST 2-3 years. Europe will be in full recovery THIS quarter. It will boom in y2k. The US will probably maintain a growth rate of 4% for the near future. Latam should completely emerge from recession in the 1st quarter of next year. The IEA EIA API OECD DOE and any other dopey alphabet soup oil analyses/reporting agency you care to mention has CONSISTENTLY UNDERESTIMATED demand this year. So let the doomsters and the gloomsters spin their tales of woe. The REALITY not OPINION is that the worlds economies are now in EXPANSIONARY states. I expect demand for oil, ng, and oil based products to SHARPLY increase next year. Bet on it! The fundamentals are NOT deteriorating as some suggest - they are improving. Has it dawned on anyone that maybe the Germans are releasing oil because they know that if they don't oil will spike past thirty. Remember the Russians have stopped shipments of gasoline for at least two months. IMO most of that gasoline was destined for Europe. This is the Germans STRATEGIC reserve they are selling. I could go on and on. But its hopeless. Nobody will believe in the Global Boom scenario unless they read it in the paper, and by then it will be toooooooo late. I give up. I'm just going to keep buying and buying and buying on every little selloff. The Dog said it Best - BOOM 2000!!!!!!! and "That ain't Grandma buyin' KEG!"