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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wowzer who wrote (4274)	9/17/2001 10:57:41 AM
From: chowder	Read Replies (1) \| Respond to of 206098

Rory, OPEC said they are willing to lower the price basket to $20-22 according to a DJ wire this AM. dabum

To: Wowzer who wrote (4274)	9/17/2001 1:53:50 PM
From: S. maltophilia	Respond to of 206098

I've gotten back lightly (and prematurely<g>) into the sector this past summer; PGO & PDE. PGO's reaction in Norway on 9/12 was my warning not to expect anything wonderful today. OTOH Bin Laden (and, I believe, his associates, as outlined in the Stratfor article Diana posted) views Saudi Arabia as an enemy and I would not put it past him/them to try to disrupt the flow of petroleum from there and/or the Emirates. OPEC is supposedly going to be easing crude back to the $20-22 range, a price we would have killed for back in 1999.

To: Wowzer who wrote (4274)	9/19/2001 8:54:02 AM
From: BigBull	Read Replies (1) \| Respond to of 206098

Rory, sorry to take so long to get back to you. Imo the reason these stocks are going down is that investors expect the world economy - especially the US to plummet, and with it oil demand. Planes aren't flying and vacations/business trips are being cancelled by the bushel. I hear airline traffic represents 10% of GDP. Airline traffic went to "groound zero" for two full days and the return to it has been utterly tepid. The massive amount of airline layoffs will probably send consumer confidence crashing through the floor. Well I hope the Saudi doods who financed OBL are happy now! <g> He's killing off all their very best customers. :o{ The switch from airline travel might help gasoline demand in the VERY short term. But plummeting consumer confidence will killlllllllll it dead. Everybody raise their hands who is in the mood for a vacation.