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

To: Jacob Snyder who wrote (42566)	4/18/1999 10:55:00 PM
From: Arktic	Respond to of 95453

And... anything below that will deter further E&P and prices will come up. Corrected for inflation the mean price of oil has been and will remain in the $18 to $20 range. It's an elastic pricing system that oscillates too high and too low. But bottom line is that $18-$20 per barrel (with increments to account for inflation) is a sustainable pricing for this commodity, IMHO. Paul L. Craig

To: Jacob Snyder who wrote (42566)	4/18/1999 11:51:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

You are right, I am a buffoon, you are a genius! I would encourage you to sell all your holdings immediately upon tomorrows open, there is likely to be a dip on the open you will probably get the worst prices. Further, since you believe that I am the ultimate contrary indicator, I would encourage you to short all Asian and Latin bourses asap. While you are at it do buy 2,000 or so oex puts as I am also bullish on the US stock market. The recent rally's in world markets are purely liquidity driven mirages due to utterly collapse any day now. You should make a mint. Do it! I own FLC, PDE, and UFAB among others, kindly short those as well. I am so sorry you find my posts boorish and vapid, I suppose the only thing left for me after your utterly devastating remarks is to slink away in shame from the thread, never to return. This will allow you to radiate your dazzling brilliance upon all without further obstruction. Do have a nice day, won't you? I'm so glad we met.

To: Jacob Snyder who wrote (42566)	4/19/1999 12:06:00 AM
From: diana g	Respond to of 95453

Jacob, you wrote--<<<<"IMO, an oil price of 18-20 $/B is the maximum sustainable. Anything above that, and OPEC discipline will break down...">>> This is just what I meant earlier when I wrote that OPEC action to hold the price of oil below $20 would be misunderstood. They have said repeatedly that they don't want the price too high, but many seem not to hear them. When they act to bring prices back into their stated preferred range, some will say they are cheating on their pledges; that cartels always fail, sure doom and $10 oil ahead. Many will see it like this. Buying opportunity ahead, folks, after the first move to hold prices Down is made. imho. Yes, Jacob, sell now. Things looking awfully toppy here. No solid foundation for the OSX rise, and the Cold Fusion news isn't even out yet. regards, diana