Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Ed Ajootian who wrote (323)	11/19/2000 1:37:55 PM
From: Rod Copeland	Read Replies (1) of 350

Ed, I tend to agree with you. I am nervous about the coming Spring. I'd like to know where all that extra oil has been going, however. It hasn't shown up over here (U.S.) as yet in inventories, but it seems to me that it was November of 1997 that OPEC did this same thing and in the Spring of 1998 we cratered. There is some talk that a lot of the additional production has been absorbed by China and Asia... but the present accounting system for world crude production and demand is nowhere close to being useful. I sure like where it is now!! Rod.

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