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: Think4Yourself who wrote (71079)	8/17/2000 9:40:04 AM
From: BigBull	Read Replies (3) \| Respond to of 95453

JQP The cat is out of the bag. cbs.marketwatch.com There are now only two bear arguments for oil prices and oil patch stocks. 1. Oil prices rise to the extent that the feds hand is forced to induce recession. 2. Coordinated world wide SPR releases. The OPEC is cheating/overproducing is now moot. Clearly, the capacity restraints spoken of in this thread months ago are finally being recognized in the marketplace - the cat is out of the bag. Jawboning and spin doctoring simply will no longer work. The markets no longer believe the boy who cries wolf. Period. The second bear argument maybe be effective only in the short term, and is self defeating as it ultimately removes itself as a creditable threat over time. The first argument is the most effective on a more permanent basis. This is why - for the sake of oil patch stocks - I hope crude and NG prices do not go much higher.