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

To: Jon Cave who wrote (71882)	8/28/2000 8:37:39 PM
From: Tomas	Respond to of 95453

Natural gas headed for crisis petroinvest.com

To: Jon Cave who wrote (71882)	8/28/2000 9:12:28 PM
From: Tommaso	Respond to of 95453

>>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 think it's just optimistic momentum from the interminable bull market that really began in 1982 or possibly 1974. Just pure froth.

To: Jon Cave who wrote (71882)	8/29/2000 1:28:05 AM
From: BCherry168	Read Replies (2) \| Respond to of 95453

"Why is $33 oil not inflationary?" Its not inflationary because the government excludes oil from the "core" inflation group. Which, IMHO, is BS. However, you might want to consider that oil at $33 today is a lot cheaper than oil at $33 in 1980. Seems to me that everyone is forgetting that.

To: Jon Cave who wrote (71882)	8/29/2000 11:33:12 AM
From: edward miller	Read Replies (2) \| Respond to of 95453

RE: Why is $33 oil not inflationary? Just my opinion, but it is inflationary but nobody wants to admit that inflation is back. The underpinnings of the market and also the low increases in wages and Social Sec. payments are all dependent upon the belief of no inflation. Those who ignore oil at $33 are in total denial. Also I read a good comment made by Steven Lieb, although I am not a fan of him at all. He pointed out the obvious, which is that at $10 oil was much less of an impact on the economy even at the same volume of consumption. Well Duh!! People are clinging to the idea that oil is not as important because it fits the delusion they are trying to maintain. Nothing will change until the general public starts to do a frantic reaction, which will show up in strikes and very big labor contracts, starting with the airline pilots. The talking heads on TV are too stupid to figure it out. They can only read what is in front of them.