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: pz who wrote (74024)	9/20/2000 11:28:56 PM
From: k.ramesh	Respond to of 95453

On the SPR, what are the implications of using it in peacetime, when there is no strategic threat? Is it not a kind of slippery slope, why at 37 dollars, why not at 25 or 30 dollars a barrel etc. Also releasing it 4 weeks before the elections will raise a lot of questions among the pundits who have nothing better to do. Finally has the SPR been at 571 MM barrels for a very long time ? because if it is a cold war legacy, I am sure the Kudlows of the world will point out that the world is a much safer place now and that we do not need that much and shoud dump it now. The SPR release will work only if OPEC and big oil is fully behind the idea of 22 -28 $ oil, if it is a unilateral decision to show who is the boss, it may eventually just increase their resolve. It would also decimate the oil industry, as they get no help when prices are at 10 but are expected to give up their time in the sun when prices are above 35, Investors would decide that it pays to invest in drug monopolies and software monopolies but not in rig and tubing and seismic companies.