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

To: Think4Yourself who wrote (61128)	3/1/2000 8:53:00 AM
From: Tommaso	Respond to of 95453

I am hoping that i am finally on the right side of an investment "wall of worry." Because oil went so terribly low last year, oil prices are viewed somewhat like stock prices. The difference is that oil is really useful and is used up once you burn it, so there never will be a permanent oversupply and it can never become competely worthless. To say this sounds simple-minded, but I think that it is a simple fact that those who short oil have not grasped. In any case CNNFN is already showing Brent up another 32 cents this morning. I see no way outside of declaring war on Saudi Arabia that the US can compel the rest of the world to sell us oil at bargain prices. Gasoline prices have already risen about 60% and are still not caught up with the rise in crude--and calls for the government to do something can already be heard. So far the only response has been to give money away. The minute the government tries to put a price lid on gasoline, there won't be any gasoline. I think maybe enough people realize that, though. A local dealership is already running ads offering SUVs that leaser/borrowers have dropped their payments on.