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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (57157)	12/13/2004 1:00:36 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<If you do a search, you'll find a consistent opinion from me that OPEC was losing market share and that prices were too high and that unless they started pumping their oil and got the money, they'd lose to other options, of which there are plenty. > Why does this point to 'plenty of oil' and lower prices? <We could easily see $20 a barrel. Maybe even $10 a barrel. Anything over $30 a barrel in 2004 dollars leaves too many alternatives to take market share. ?> There are discussion all over SI why this is wrong... why don't you jump in? DAK