Ensco International Inc. (ESV) Message Board

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Gold/Mining/Energy : Ensco International Inc. (ESV)

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To: Michael W. Brom who wrote (1814)	8/11/1999 11:15:00 AM
From: Ram Seetharaman	Read Replies (1) of 2005

This morning Wall Street Journal has this upbeat Article about Oil! From Geneva, by Bhusan Bahree! "Growth in world oil demand is expected to double next year, according to the Paris based International Energy Agency. The pace of growth has accelerated again after slowing last year. The IEA said it expected demand to rise by about 1.8 million barrels a day in 2000, to 77.1 million barrels a day, as Asia and the Industrial West continue to use more energy. Oil demand this year is supposed to increase by about 900000 barrels a day". The wild card in the oil market right now is China, which could cause a major upset, if it devalues its currency over the next six months. That could have ripple effects in the region and affect oil demand greatly. Barring this oil looks good!

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