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: ItsAllCyclical who wrote (60684)	2/21/2000 6:44:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

OPEC price band, it should be obvious but if OPEC is looking for $20-25 long term they are not going to increase production anywhere close to where $20 oil will be seen during summer when supply usually increases. The second output increase would likely be next fall to coincide with increasing winter demand. As such we should not see the bottom end of the price band until next spring at the earliest barring massive OPEC cheating or dissention. Given Saudi Arabia's debt that looks unlikely. Let's see what will an entire year of $22-26 oil do for crude heavy E&P's such as VPI, PXD and OEI...