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: Judy who wrote (23661)	6/8/1998 8:59:00 PM
From: Snowshoe	Respond to of 95453

Judy, sands are shifting under OPEC. Production cuts are being forced because the system has run out of physical space to store unwanted oil. Now becoming more of a true supply/demand based commodity market. Every year since I came to Alaska in '82, our legislature has deposited a huge chunk of oil royalties into our Permanent Fund. This year they blinked, and kept it available as a potential supplement for our state budget. They fear the long-term consequences of low oil prices. I'm beginning to wonder if I should sell my house now and bail out while I can still get a good price. My unrealized real estate gain dwarfs what I have invested in the oil sector. >>what is Metamucil?<< A dietary fiber supplement. My comment was in reference to Diamond H's earlier rueful joke about certain physical symptoms he attributed to his losses in this sector. I'm glad he can retain a sense of humor.