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: waverider who wrote (23020)	5/28/1998 11:30:00 PM
From: rocklobster	Read Replies (2) \| Respond to of 95453

"A NEW PARADIGM" Or "Will the Internet be the undoing of OIL?" Or "will technology unravel the old school oil paradigm?" It may just be possible that we are headed into a new paradigm in oil consumption worldwide. With the event of the internet, more and more people are getting hooked up online and doing their surfing from the comforts of there own homes. This eliminates the need for the high consumption of oil from driving that we have normally seen. Will the technological revolution undermine oil consumption worldwide. We are seeing record builds of oil inventories and lower than expected consumption. Add to that the fact that technology has made it vastly cheaper and easier to get oil out of the ground, and we may have a massive paradigm shift happening right before our eyes that will blindside the oil industry and catch the world by surprise. Are the days of $19 oil gone for ever or will the worlds consumers once again bask in the glory of mass oil consumption and high oil prices. Will oil prices ever recover or will we soon have massive supplies of $5 oil. could it be possible that technology has fundamentally altered the cost of crude? Food for thought . Just rambling on about some things that came unexpectedly to mind Later, Richard