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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (56925)	12/15/1999 8:49:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

Anyone else find it ironic; if not insulting to ones intelligence; that in all the Oil price spin-doctoring The lead in statement allways says - "Crude Oil has risen from under $10 and has now doubled to over $2__ ?" "doubled, doubled, doubled, doubled" - that is the message the media wants to send to the public about crude prices; what a blatant misrepresentation. Why the hell doesn't someone clue in Bill Richardson and all the headline news services that $10 was an anomaly and the story is that the culminative average crude oil prices for the last 12 mos are still NOT even at historic average prices !?!? The American consumer for the last 12 mos had a free ride - so did the Industries that are crude oil price sensistive. Did anyone hear the Trucking Industry, or the Airlines bitch & moan that they felt so bad for Exxon, Mobil, or Apache that they were only paying $10 for Oil ? Well lets not lend too much sympathy to their present "imagined" plight here... This is a total joke. The Energy Markets should form a Pubic Relations organization to counteract this type of Industry & Crude Oil Price bashing & Spin-doctoring. You'd think that the world now thinks that $10 crude was somehow a permanent entitlement ? If I was OPEC; right now going into Y2K - I would announce that OPEC was no longer interested in giving away their blessed resource for less than $30 boe - ever again & shut down production for 30 damn days (VBG). That would get their attention... Show them who "really" has the power (VBG). Thank God I wasn't born into the Faud family... I'd have a little surprise for all the "Shorts" in the futures markets and a message for Bill Clin -ton & Mr. Richardson. Hell, its still not too late; OPEC just ought to feign massive Y2K problems and just sit on that Crude - wash out all the shorts in the futures markets; let crude go to the mid $40's and then sit down to negotiate a "banded range" around $30 boe... still cheap when adjusted for inflation (VBG). That oughta get OEI to about $28 or so... PS Big Oil may not be a bad play in 2000. Exxon/Mobil to doubled cost savings & now This; London, Dec. 15 (Bloomberg) -- Royal Dutch/Shell Group, the world's second-biggest publicly traded oil company, raised its target for annual cost savings by 60 percent to $4 billion and said it's considering its first-ever stock buyback program.