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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: active22 who wrote (33071)	9/14/2000 7:04:40 AM
From: GROUND ZERO™	Respond to of 50167

Interesting reading for sure, thanks...<g> I believe that OPEC in general is already near full production capacity and is unable to fulfill their promise... OPEC agrees that 2 million barrels a day would help, but they can't do it... crude has sold off in the last two days, but natural gas has continued to soar to new all time highs... I don't know what could stop that market, but the best place to be is long and I plan to hold all my long positions in both crude oil and natural gas until the final top has been reached... I think the natural gas market can still move much farther than where it is right now... GZ

To: active22 who wrote (33071)	9/14/2000 7:30:02 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

IMHO, there are three major phases to the oil problem... 1) oil field discovery, 2) oil production, and 3) oil consumption... 1) Oil Field Discovery - In the early 1970's the boom of oil field discovery was in full bloom, limited partnerships were being formed everywhere to invest in the discovery of new oil fields, partnerships and investment opportunities were being advertised on radio and TV... oil was becoming plentiful... 2) Oil Production - In the early 1980's, as the phase of oil field discovery peaked and began to decline, oil production began to rise and production was generally able to keep up with demand... 3) Oil Consumption - Today, oil field discovery is all but ancient history and production is now on the decline... but global consumption is still on the rise and production cannot keep pace... If my above assessment is correct, then weez in deep doo doo...<g> GZ