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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (72478)9/6/2000 6:59:42 PM
From: patron_anejo_por_favor   of 95453
 
Thanks BigBull! Looks to me like Crude and NG prices will continue to rise (albeit more slowly than in the past week) up to the OPEC meeting. The AGA inventories are no great shakes, either...

It'll be interesting to see how the Saudis play this. All sorts of political pressure (from the U.S. and Europeans) is being brought to bear on them, but they're caught squarely in the middle with their OPEC breathern breathing down their necks (not to increase more than a token half-million or so). With refineries running flat out (not to mention limitations on worldwide tanker capacity), I agree that the amount the Saudi's pump out the ground is not the key to prices going forward.

I'm looking forward to this next week....
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