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: isopatch who wrote (87016)	2/12/2001 8:58:03 PM
From: BigBull	Read Replies (1) of 95453

DOE also now ratcheting down demand numbers: canoe.ca Last week the Department of Energy's statistical agency downgraded demand growth estimates to 1.7 per cent of 2000 levels, compared to last month's forecast of 2.5 per cent. They also note Iraqui exports almost back to the 2.2 level. Wither the XOI short term? Beats me. Bull's need a legit breakout, bears need a legit breakdown. Whatever direction it takes should be Maximus Movus though - interminable trading range in effect for years. I think the telling factor will be the coming spring build - which won't happen of course. <g> Oh btw, the spring build in aggregates starts in ummmmm, lemme see now, ahhh thats it - the middle of Feb. Will it or won't it?

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