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: BigBull who wrote (60899)	2/25/2000 1:27:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Has anyone given an even cursory thought to why the US and UK are pursuing a policy of crippling the oil infrastructure of Iraq? Maybe they are Saudi puppets! Just kidding. <g> But it is something to think about when Secretary Richardson brags about "progress" being made in increasing oil supplies to the poor misbegotten global economy. What a farce! I wonder if Senator Schumer has any objections to lifting sanctions against spare parts to the Iraqi oil industry?

To: BigBull who wrote (60899)	2/25/2000 9:21:00 AM
From: Wowzer	Respond to of 95453

<<One last thing, have you noticed that NO one and I mean no one believes in this oil bull?>> That is the one thing that keeps me invested in this sector. There is not one person other then the few on this thread, who believes this oil bull is for real. Once the public and analysts start believing, will be the time I start exiting this sector. But... I want the panic to build to feverish pitch first. When I start hearing oil prices are NEVER coming down, just like last year when all I heard was that prices are NEVER going to go up. That will be time..... Watching c-span this morning regarding oil, pretty interesting. It is nice to hear an intelligent discussion why the industry is where it is and its prospects. Amazing what happens when you get away from CNBC and the buffoons that spout off there. I have decided CNBC is about one level better then the yahoo message boards in getting worth while information.

To: BigBull who wrote (60899)	2/25/2000 9:41:00 AM
From: JungleInvestor	Read Replies (1) \| Respond to of 95453

BigBull, wouldn't you say that OPEC and soft landing is an oxymoron? People are just beginning to realize inventories are at precariously low levels and it will take some time before OPEC makes a decision (end of March) and the increased production reaches the market. OPEC will probably be very conservative in the production increase in order not to repeat its prior mistake of increasing production too much. IMO it will be too little, too late. Even with the increased production, demand will probably outstrip supply. The wild card is whether OPEC even has the capability to increase production enough to meet future demand. We all know that they fib about their production capabilities in order to get a better deal when quotas are being set. Another wild card is whether Iraq will hold the world hostage when supply shortages appear by stopping production in order to eliminate the embargo. Boom 2000 will eventually come and it may be a bigger boom than anyone realizes!