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: BigBull who wrote (90556)	5/3/2001 4:50:08 PM
From: BigBull	Read Replies (2) of 95453

Updated DOE charts: Crude and aggregates: eia.doe.gov Gasoline: eia.doe.gov Distillates: eia.doe.gov Imports: eia.doe.gov There is NO current crude supply problem - NONE! The next two weeks may even bring crude near to the top end of the range at 340. With Euroland economies now demonstrably slowing along with Asia and The US, I expect the current product problems to be alleviated quickly through a combination of imports and the resumption of refining activity. The period in time for the end of crude stock builds is approx 2 weeks away. If this is violated, there will be big trouble in little Italy for the oil patch. At any rate, there will be nothing but bad news coming in total aggregate stocks for MONTHS. The cure for high prices, is high prices and there ain't no "new energy paradigm" it's still the same old cyclical business it always was.

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