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: BigBull who wrote (45925)	6/5/1999 5:36:00 PM
From: Rob Shilling	Read Replies (1) \| Respond to of 95453

yea Big Bull, it looks like the so-called "analysts" have made the wrong call when it came to asia this year. The rebound as you point out is big and fast. What I like about this story about asia going through a major oil restocking phase is that it focuses the oil supply/demand question onto other places besides just the U.S. API statistics are fairly reliable, but oil is used in other places in the world besides the U.S. and just because statistics in other places besides the U.S. are less reliable, it does not mean that these areas can be ignored. Right now I am waiting for the "big news" about the 300 million "missing barrels". If Simmons is correct and those barrels are not found by the end of June, and that they will subsequently be declared "non-existent", I am looking forward to the so-called "analysts" reaction to this news.