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: Olaf Koch who started this subject	12/1/2000 4:52:56 PM
From: Second_Titan	Read Replies (1) of 95453

FLA. SUPREME COURT DENIES GORE'S APPEAL TO ORDER IMMEDIATE RECOUNTS Psycho should be crying in his milk soon. Crude dropping? What do you expect? US and Europe looking for an excuse to open SPR's, and two API reports showing builds. SPR releases now will only reduce global inventories and maybe flatten the futures curves. Unless demand drops in the face of a colder than normal Winter and/or OPEC production is higher than everyone thinks we will not have tested what a barrel of sweet crude is worth. NG prices will force more #2 oil consumption as well. So lets see how the market reacts when the API's are showing stronger demand. Besides $25 oil or $35 oil will not make a difference if the majors dont spend the money in the deepwater. Have to get the semi's working on looking for oil. Just looking for NG in the GOM is not going to cut it. Live and learn, two times I have used margin heavily and two times the market has tanked immediately afterward. But fortunately 3/4 of my port is in an 401K without the margin option. Holding tight till Spring.

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