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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: tekboy who wrote (32369)	9/26/2000 6:06:32 PM
From: willkm3	Read Replies (1) of 54805

OT: Great read regarding oil & OPEC... glja.com The implications of continued high crude oil prices for non-OPEC production, we believe, will ultimately mean dramatic growth in non-OPEC productive capacity. Petroleum Economics Limited (PEL), in a recent study, is forecasting non-OPEC supply to increase by almost 6.0 million barrels per day by 2005. When combined with PEL’s global demand forecast, non-OPEC supply would account for over two-thirds of demand growth, leaving OPEC members to meet just one-third of global demand. If the non-OPEC supply forecast is reasonable, the implication for OPEC’s market share is very serious. It seems unlikely that OPEC would allow crude oil prices to remain high, thereby jeopardizing their global crude oil market share position. willkm3@letsmakeSaudiArabiathe51ststate.com

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