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


To: Crimson Ghost who wrote (37507)2/13/1999 10:00:00 AM
From: dazzled  Respond to of 95453
 
When the number of posts per day declines to 10 or so on this thread and the crude oil futures hit $8-9 then maybe there will be a bottom. if the bottom won't come til the big oils take over control of Russian and other big reserves(as someone suggested) then this could be a LONG time coming. low prices are good for the vast majority of states in the USA. eventually rest of world's demand for oil will return and increase which will swing the pendulum again-who will be the survivors to capitalize on that?

dz