Strictly: Drilling and oil-field services Message Board

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

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To: Post_Patrol who wrote (58348)	1/12/2000 2:46:00 PM
From: enervestor	Read Replies (2) of 95453

F. Gheit was on CNBC in the usual Cheryl Strauss Einhorn spot. Seemed quite irritated when Griffith mentioned price of crude back over $26. Poo-pooed the chances of it staying up and said he expected it back around $20 soon. Griffith(for all he knows) said something like "Yeah, there's still a lot of supply out there." (Guess they forgot to check the inventory numbers.) Then on a more positive note, they talked about how OPEC had learned a lesson and was no longer cheating as they had in the past, and Gheit seemed to think they would continue that policy and do a better job of keeping production down.

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