My guess is they'd be extending Thur's 87 cent cent loss by another $1 to $1.50/bl. I'm not saying this is the correct market action, given all that we still don't know, but I am saying early info would be discounting problems and supply concerns by more than $1 /bl.

-- Downstreamer (downstream@bigfoot.com), January 01, 2000

Answers

Behaving Irationally of course!

-- lenny (Chmielecki@worldnet.att.net), January 01, 2000.

thereby creating a good buying opportunity

-- (4@5.6), January 01, 2000.

Oh contrare, Lenny. Oil markets were more rational than this tribe in this case.

-- Downstreamer (downstream@bigfoot.com), January 01, 2000.

The verdict is still out on oil Lady dolt. Unless you've been in direct contact with the Venz, Saudi's, Iraqi's etc? In oil, we never trust without verifying. It's a good way to lose millions. But you wouldn't know about that since you only deal with your charge card at Nordstroms.

Piss off. We'll know much more monday and tuesday.

So far, I'm extremely happy to see no refineries headed skyward. I'll be even happier when we're under full steam and have no lingering problems from bad data. Refineries are complex beasts Logic, unlike yourself.

-- Gordon (g_gecko_69@hotmail.com), January 01, 2000.

Id guess that on monday, the oil poducting nations will be looking to reduce the huge oil reseves theyve been stockpiling in anticipation of the Y2k event. The law of supply and demand would dictate Oil prices to fall in response to this. Inflation will drop accordingly over time, the economy will contiue to grow in response. There fore corporate profits will rise, etc etc,etc Happy new millenium boys and girls

nyc

-- nyc (nycnyc@hotmail.com), January 01, 2000.

Downstreamer,

On today's spin from CNNABCNBCCBS I would say down $1.00 or so.

When I was placing my oil options I figured this would happen, that it would take ***TIME*** for news to filter to the markets. Hence I bought call options all the way out to April. If I'm wrong, so be it. That means the experts I have been reading are also wrong. No big deal.

But you can't (unless you want to be classified with LL/Pro etc.) keep making these pronouncements until the data is in.

These Oil Co.'s are in free market competition with each other -

You of all people should know that they are not going to announce from the rooftops any problems they are encountering - they will try and fix on failure of necessity and hope for the best...

The markets will price in any production shortfalls.

Hey, personally I hope to hell the price drops on Monday, the stockpiles are used up quickly, then when the real problems surface bit by bit (pun intended) - the price really will skyrocket.

Think about it - this selloff you are talking about is EXACTLY the same as folks selling their food and water preps tomorrow because they believe it's all over.

More fool them.

-- Andy (2000EOD@prodigy.net), January 01, 2000.

llogic

what are you still doing here?

you are one sad fuck.

-- Andy (2000EOD@prodigy.net), January 01, 2000.