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: gregor who wrote (37074)	2/8/1999 7:13:00 PM
From: Crimson Ghost	Respond to of 95453

Norway willing to cut production further if others do the same. bloomberg.com

To: gregor who wrote (37074)	2/8/1999 9:38:00 PM
From: John Carpenter	Respond to of 95453

What is Margoshes smoking? WTI Crude is at $11.65 a barrel and he talks about "the rise in crude prices already in motion." There has been no rise in crude prices, not one bit. The only motion is a downward motion.

To: gregor who wrote (37074)	2/9/1999 1:57:00 AM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 95453

gregor, The trick in the market is to buy on anticipation of price rises- that's what is happening here I believe. We may bounce up and down a few more times like a yo-yo but demand for petroleum products is beginning to increase in a number of Asian countries, the first signs of an upsurge in Asia economically. Could Saudi Arabia be the swing producer for oil worldwide-sure. But you have to understand Saudi Arabia's geopolitical situation to see that the Saudis do not like low oil prices for too long either....