Oil & Gas Price Economics Message Board

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Gold/Mining/Energy : Oil & Gas Price Economics

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To: Rod Copeland who wrote (324)	11/23/2000 10:16:42 PM
From: Ed Ajootian	Read Replies (2) of 350

Rod, Per the API reports we now have solid increases in stocks but still the WTI keeps hanging around $35. I guess folks are still worried about the politics of it all. As much of a jerk that Saddam H. is, he is really doing us all a huge favor with his antics. I wonder if it would ever be possible to accurately know how much oil is being produced or bought at any one time. I believe there will be a sharp downward correction to oil prices once Iraq calms down and the other tensions are lowered. The 12-month Nymex strip is now back over $30. Does Roco Petroleum hedge any of its production or do you just let it ride? $30 for the next year would look awfully tempting to me if I had an oil company. Hope you had a great Thanksgiving! You energy producers especially have a lot to be thankful for these days!

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