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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.67+5.0%Nov 10 4:00 PM EST
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To: Hawkmoon who wrote (36483)7/4/1999 12:22:00 PM
From: goldsnow  Read Replies (1) of 116753
 
''Higher market prices and lower
shipping costs have given oil
producers more incentive to
develop new oil fields,'' the agency
said.

Nonetheless, the overall long-term
decline in crude production is not
expected to be reversed because
of higher oil prices as aging fields
become depleted, according to the
agency. Over 12 billion barrels of
oil has been produced on the
Alaskan North Slope, and the
state has about 7 billion barrels of
proven crude reserves remaining.

Copyright 1999 Reuters Limited.

infoseek.go.com
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