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: BigBull who wrote (72156)	9/1/2000 1:24:03 PM
From: The Ox	Read Replies (1) of 95453

Certainly this is food for thought! Excellent questions and theories. I guess the first issue is demand vs reserves. We should be able to get through a tough winter even if we have to deplete reserves to "dangerous" levels. As long as production will be "available" to rebuild stocks next year, then we wouldn't have to face a true crisis but more of a crisis of perception. If increases in production can NOT keep up with rising demand accompanied by the need to replenish inventory before next winter, then we could be facing a new oil crisis. If the latter occurs, we will be faced with another huge boom and bust cycle, IMO. MH

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