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

To: BigBull who wrote (88707)	3/16/2001 12:51:05 AM
From: whitepine	Read Replies (1) \| Respond to of 95453

There are other mind sets. OPEC has reportedly taken the position in the past that high fuel prices are a function of taxes on same by the West. They might maintain, or try to maintain, high prices, regardless the political fallout. Further, their reserves and excess capacity may influence their desire to keep supplies tight. Suspect as outsiders we are all guessing on this, but I am less than certain your views reflect inner sentiment of major players. Additionally, I asked a few days ago who might be averaging in at the bottom? I would guess, but do not know, that ME $ can afford to buy major positions in western tech equities. Seems plausible to me if they are concerned about a post-oil epoch for their people. Of course, there are multiple variations of this theme. I make no pretense to have an inside track. Cheers, whitepine

To: BigBull who wrote (88707)	3/16/2001 1:25:50 PM
From: Sharp_End_Of_Drill	Read Replies (1) \| Respond to of 95453

Well said Bigbull, I believe both sides of this argument have strong points to make. I agree with all your points. What I strongly disagree with from that article is the premise that OPEC needs to fret about market share. I believe that concept is close to irrelevant to them - while bottom line profits are as relevant as life & death. Fun days in the market huh? I've been nibbling here and there, but nothing big. Remains to be seen if this turns into el grande crash, or if we get another rally first. I've been betting on the rally, but that bet looks shaky. Sharp