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


To: GREENLAW4-7 who wrote (72471)9/6/2000 6:26:50 PM
From: pilot_light  Respond to of 95453
 
Hey, $33 Oil is GREAT for the oil business.

I would rather have it stay in the low $30's than to spike and crash, or worse, become so expensive that it causes a serious recession.

Just MHO

old OEI today, hope it wasn't a mistake.
Long GLBL, KEG, TX, and sadly OXY and MDR

Pilot



To: GREENLAW4-7 who wrote (72471)9/6/2000 6:35:02 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Ok Greenlaw, so you are on record, now? 35 is the top for crude? 142 for the OSX?



To: GREENLAW4-7 who wrote (72471)9/6/2000 7:15:58 PM
From: excardog  Respond to of 95453
 
greenlaw

What in the world would make you believe todays action in the OSX was bearish. Was it the nearly 5% rise? I question your sense of reality. Obviously your expectations so far of a "rolling over" of the OSX has been purely dream land.

One might harken back to the API that preceded the last OPEC meeting. It was mentioned then that numbers might have been rigged to show supplies tighter than they really were. With the following week showing a big build and revisions upward. This report is probably neutral at best. So where is the build that we so desperately need?

The reality is we need to drill some wells and we must for some time to come. Clinton meets with the Saudi crown prince this evening to beg for more oil. What if the Saudis' aint got it?

I wish you luck on your position but if the Saudis' can't jaw bone the price of oil down, I doubt your posts will either.

Luck to all