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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Spheres who wrote (26844)	10/16/2004 6:19:02 AM
From: Dave	Read Replies (2) \| Respond to of 60323

Oil's chart looks like a "half-parablola" and it's slope continues to increase. futures.tradingcharts.com I buy the argument that additional demand is causing the price to rise, but I believe right now there is a speculative frenzy going on in oil. If oil prices can stay strong long enough, many of the integrated oil companies (Chevron, Exxon and the like) will begin to invest additional money in E&P. Several years down the road, all of us will benefit from lower oil prices. Integrated Oil is hesitant of increasing their E&P budgets b/c oil spikes like this have happened in the past and they've gotten burned.