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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (57722)	8/30/2000 5:44:54 PM
From: The Vet	Read Replies (1) \| Respond to of 116764

A wordy rant - but you didn't even attempt to answer the question. Your defense was to attack the questioner. If you are really interested (although you really seem to want to ignore anything that doesn't suit your personal pre-conceptions) the PPP figures I used were sourced from Bloomberg, RBC Dominion Securities and Consensus Economics Inc. But then you know more than they do.....

To: Hawkmoon who wrote (57722)	8/30/2000 7:16:27 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

The best cure for high prices is high prices. Too bad President Bill Clinton doesn't believe this applies to oil. Clinton has morphed himself into the oil-supplier-in-chief. The president has decided to spend his final months in office attacking oil companies and pressuring Third World oil producers into putting more supply on the market. Someday we are going to pay the price for his meddling in the market for energy. Is it working? I think not. The engines on Air Force One hadn't cooled from Clinton's return from Nigeria and other African nations yesterday when the price of oil was already a dollar per barrel higher than it was when he left on Friday. So far this year, crude oil prices are up 28 percent. And U.S. crude oil inventories are near a 24-year low. For all of Clinton's grandstanding, the problem gets worse. None of this is a coincidence. Every time Clinton or someone from his administration sounds off about oil prices being too high, or does something like write a letter to the likes of Crown Prince Abdullah of Saudi Arabia, he takes supply off of the market. It is true that he might be able to strong-arm the Saudis into pumping more oil. But that would be a short-run fix only. quote.bloomberg.com