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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (23793)	6/10/1998 10:47:00 PM
From: mph	Read Replies (1) \| Respond to of 95453

Just thought I'd perform a public service by cataloging ten suggestions for improving the condition of our portfolios and psyches in these difficult times. Some of these ideas have been strewn about randomly during our many dark days and will probably seem familiar. Feel free to add to the list in the spirit of easing communal anguish. Here goes: 1. Assist the storage problem by offering up Big Dog's pool and any other receptacles available through our collective efforts. (Those milk cartons you toss out so freely could come in handy!) 2. Make burnt offerings, sacrifice vestal virgins, or even light candles in church(who knows, something might work): 3.Release helium balloons imprinted with names of favorite stocks(there's good karma out there somewhere. Maybe that's the way to find it); 4. Bitch and moan(probably could be listed several times): 5. Drink lots of brown ale; 6.Ban brown ale and make Schlitz the official driller brew (this one's for you slimdoc): 7.Immediately sell whichever stocks certain of our posters (U know who U Are) announce they are buying since this insures an immediate decline in price: 8.Take Viagra regularly (may not help the price of oil but sure could put a smile on your face); 9. Invest in all companies that market St. Johns Wort and do massive field research and due dilligence on the efficacy of the treatment. 10. Forget about doing any DD, spending time studying the market or trying to make reasoned investment decisions. Instead, next time you get itchy trigger fingers, let your favorite monkey toss a dart at the dartboard for you so that stock selection becomes a painless (and guiltfree) exercise. If I have left out anyone's ideas, my apologies. mph<VBG>

To: upanddown who wrote (23793)	6/11/1998 12:55:00 AM
From: Tulvio Durand	Read Replies (1) \| Respond to of 95453

When there's no storage available, demand goes to zero. Think of it this way. If every car passing the Shell station has a full tank of gas, that Shell station isn't going to sell any gas. Price of gas could be halved and it still would not sell. Only when inventories are drawn down can supply /demand be restored. There's enough oil inventory now to last months even if OPEC were to shut down completely. That's why September crude sells for about $15/barrel. The market doesn't see $18 oil within the next 12 months. Of course some world class event could occur to change that timetable, but for now every tank is full and OPEC's pledges to cut production in July will not restore the supply/demand balance in the near term. Tulvio

To: upanddown who wrote (23793)	6/11/1998 4:26:00 PM
From: Broken_Clock	Respond to of 95453

You would think so John. However, the knife at the throat of the 2nd tier economies is the TOTAL reliance they have on oil revenues. It appears that we are entering crisis stage on many fronts: 1.More devaluations coming worldwide. 2.Oil crisis in producer economies. 3.Asia economies on the verge of total collapse is looking more likely with Japan gathering darker storm clouds.Nikei below 15,000 is considered the implosion level for Japan which will ripple, no, Tidal Wave through the world economic system. With todays DOW action, tonight will be critical in Asia.