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: William JH who wrote (72561)	9/7/2000 3:15:02 PM
From: GREENLAW4-7	Respond to of 95453

Do we have a DIVERGENCE? Oil still heading out of startosphere, as OSX is semi-soft. Remember if oil is indeed out there and on its way to our shores over the next 2-3 months, the .5-1 mil BBL increase could take our inventories to 97 OVER-FLOWS! I believe more then ever this 35-36 BBL crude is created by the MYMEX traders, they are in-effect setting up the jan-april contract to trade beloe 25bbl!! Just take a second and think of what happened in 97. Yes ASIA had problems, but the bottom line it was a delivery timing issue then as it is now. The crude in 97 was found, and at the time the OSX was at a new high most traders in OSX stocks believed crude stocks were too low heading into the winter months. They bid crude up even after OPEC had opened the spicket several months prior. When oil started to show up in the API/ DOE reports every day the OSX slipped. It had brief rallys with abnormal API's but the trend reversed ON A DIME!!