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

To: jim_p who wrote (57893)	1/5/2000 10:05:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

My top pick for todays Spin Doctor article ! - crazy... individualinvestor.com <<Remember this: Oil prices are not at current levels because there is no oil. Just the opposite -- there?s oil gushing out of every corner of the globe. >> ... they just don't get it do they ? - actually; I think many of them do; but they have a vested interest in talking Crude down quickly before Greenspan uses Crude prices as one of many indicators here and he lower's the hammer and bursts their bubble. Actually folks a Crude Oil correction with a bounce down to $22 is the best thing that could happen right here - why ? Because is insures that OPEC will maintain cuts if they meet in March - which will become a near "embargo" and will insure $30 Crude... OPEC isn't stupid - they see these negative reactions of 1.5 M boe API drawdowns, see the speculation in the oilpits, see the media spin - they know what they have to do; once again - the ONLY way OPEC can ease production is to collectively bring the WORLD to its knee's - make it BEG for them to ease... $30 Crude does that... much easier to softly land at $18-$22 from $30 than from $25 (VBG)~