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

To: Bazmataz who wrote (33018)	12/17/1998 10:54:00 AM
From: DYW	Respond to of 95453

I was asking about a knee-jerk pop, the instinctive running for an oil stock when you see on CNN a bomb dropping. You are probably right about the long-term effect, although a draw-down of 1.8 * 7 = 12.6 million barrels can't hurt, as long as OPEC doesn't step in and produce it instead. Obviously long-term prices will be majorly affected by the OPEC meeting today as opposed to anything else. But again, I've got to wonder if some bombs fall during market hours, will that cause a MOMENTARY jump? BTW, according to my radio no bombs are falling yet, although the air-raid siren has sounded.