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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (2996)	1/10/1999 5:00:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 81914

Bill: Unlike gold high cost oil production is starting to shut down in many places. And big OPEC producers probably will cut further before long. The bottom line -- many oil companies and national producers are financially strong enough to cut production when prices are depressed. Wish I could say the same for gold. Too, big drops in capital spending virtually assure still lower production a year or two down the road. As one energy expert has said -- “today's low prices contain the seed of the mother of all energy shocks.” Another reason why I like black gold better than the yellow stuff (although the yellow certainly looks good at these prices).