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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: moonsparks who wrote (55436)	4/10/1999 2:27:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Moon, I think the rise in oil this time will be temporary. There will be a secular rise in energy prices in a couple of years, but the OPEC scam won't stick. First, they cheat. Second, by raising the price, they encourage marginal production to come back on stream. This stuff will take 3-6 months to work out, but I have sold nearly all of my oil stocks. FLC is a zero/one company. It is going to $25 or $1. Great operating co., lousy financial condition. I like it, but only as a rank speculation. Higher oil prices will kill the already weak Asian recovery. There are exceptions, of course. Indonesia produces lots of oil. But, then, they are also in pretty bad shape even with higher oil prices.