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: Roebear who wrote (77786)	11/3/2000 10:05:45 AM
From: BigBull	Read Replies (3) of 95453

Roebear et al. DOE charts: Crude and aggregates: eia.doe.gov Gasoline: eia.doe.gov Distillates: eia.doe.gov Imports: eia.doe.gov Folks these numbers are quite bullish for crude staying above $30. I am frankly, amazed, that SPR releases and OPEC "production increases" have served - so far - to only keep the US from entering a real and palpable energy crises. I guess the only thing keeping crude from going to $40 is the demonstrable slowing of world wide economic growth. Don't know if it's the 70's again - but the possibility is definitely there. Your observation seems quite correct that the US is not being flooded with crude or crude products. Apparently folks want to keep what they've got - for now.

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