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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Tomas who wrote (15901)12/17/2002 12:29:15 AM
From: Tomas  Read Replies (1) of 206085
 
"The Venezuelan troubles will be reflected in (the) API report," said Marshall Steeves, an analyst with Refco Group Ltd. in New York. "There is no end in sight so in coming weeks the report will continue to show declines."

"The problem is that the production lost cannot be easily made up," said Simon Games-Thomas, an independent energy analyst in Sydney, in a report. "Production losses will be translated into inventory losses."

"Up to this point, the market seems to have been far too relaxed about the loss of so much crude oil at a time when inventories are already well below prudent levels," said Paul Horsnell of investment bank J.P.Morgan.

From Bloomberg Energy, December 16
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