Forum Archive Index - April 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Just on the subject of oil, here's an interesting article from the NY Times that says "Russia overtook Saudi Arabia in the month of February as the world's largest producer, and its steadily rising output is far beyond the amount domestic demand can absorb."

 

http://www.nytimes.com/2002/04/02/business/worldbusiness/02OIL.html

 

It's definitely good to see that the Arab cartel aren't as dominant as they used to be.

 

Best Regards

 

Ben Dutton

----- Original Message -----

From: Nick Kearney

To: sharechat@sharechat.co.nz

Sent: Thursday, April 04, 2002 6:40 PM

Subject: Re: [sharechat] April starting to look very bearish

Oh come on nick....bit doomsdayish aren't you?

 

Middle East worsens and improves like the Black Caps!  Hasn't changed in 50 yrs.  Oil is a worry I admit that.  Interest rates are still very low despite short term rises.

 

Lighten up.

 

Nk 

----- Original Message -----

From: nick

To: sharechat@sharechat.co.nz

Sent: Thursday, April 04, 2002 5:31 PM

Subject: [sharechat] April starting to look very bearish

    The situation in the middle east is starting to look very worrying, stocks are already starting to suffer due to worry and rising oil prices plus looming rate rises etc.

   Note that today AMPs WINZ units fell below 1.65 for the first time since last september.  Generally though the world situation has so far managed to leave our stockmarket largely unscathed. Wont be long though before the effects are felt here.

 

 Nick