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

To: ItsAllCyclical who wrote (71875)	8/28/2000 8:20:48 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

JimL, Thanks for bringing up the point on the Saudis backing down from their previous promised increase. One more good reason behind the action. I definitely did notice it in trading today and commented on it, with ample enthusiasm, ggg. Despite all the reasons for oil to go up, I remember well when it ignored ALL reasons for it to go up, much less ignoring negative news (OPEC) and still going up as today. The difference between a bull and a bear market, simply put. This was the point my one liner was trying to make, rather than any consternation at the price events of the day. Thanks for the added (and probably much needed) clarification! Best Regards, Roebear

To: ItsAllCyclical who wrote (71875)	8/28/2000 8:33:40 PM
From: Jon Cave	Read Replies (4) \| Respond to of 95453

Why is $33 oil not inflationary? I need help. I do not understand why the financial stocks are continuing to rise while oil is knocking on $33. I also don't understand why analysts continue to say that oil prices are not inflationary. I userstand that the fed will not raise rates until after the election. But, what about after the election. I am worried. The only positive thing about high energy prices is it should slow down the economy. But, how much. Analysts say that our economy is not as dependant on oil as we were 10 years ago. I quess we produce 10% less oil now than 10 years ago and have fewer workers in energy companies. I would think that would make oil more inflatinary now as we have to import more. Don't people still have to heat there houses and drive to work. We can't deliver goods without trucks, airplance and railroads. And why in the heck are some airline stocks so high. Aren't folks worried that consumers will cut back on all spending to help pay there energy bills. Energy should be the last thing that consumers cut back on. Somebody educate me on these issues.