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

To: BigBull who wrote (60025)	2/9/2000 3:29:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Bloomberg reports that oil stocks fell today because Saudi Arabia and several other oil producers say they are considering a "modest" output hike soon. I've been out for a few weeks, probably will buy some FSESX at the close. I like my stocks CHEAP.

To: BigBull who wrote (60025)	2/9/2000 3:32:00 PM
From: BigBull	Respond to of 95453

The price band negotiations begin. IMO - Forget $20 oil. quote.bloomberg.com The floor will be higher. Still say crude goes through thirty, simply because it's too late to get all the crude to market before the refiners do their thing. My call crude to 30 - 33, then back to 25 - 27, before the run to 40. The run to forty will be caused by OPEC's obsession with supply. They seem to have lost focus on demand. They won't open the spiggots ENOUGH. Unfortunately, consuming nations will be so gratefull they open at all that they won't be able politically to clamor for more. IMO that is what this article is ALLLLLLLLL about - heading political pressure off at the pass.