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 (67406)	5/31/2000 6:51:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Maybe the OPEC price band will work after all... quote.bloomberg.com Similar to the last OPEC meeting I expect most of the drop in the price of crude to happen BEFORE the meeting. Not sure what it'll take to send us over OSX 140 near term though. The oil majors increasing their budgets would do it. At the first hint of shortages I would imagine the presssure on them to drill more will increase quite a bit - and it may just come from congress. I'd like to see a bill passed giving tax breaks or something to ensure our domestic oil business of at least $15-18 per barrel. With a floor in place the majors would have no excuses.