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Politics : Foreign Affairs Discussion Group

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To: John Carragher who wrote (86940)	3/27/2003 10:46:00 AM
From: russwinter	Read Replies (1) of 281500

Factor 1991 Now Difference Commercial Inventories 710.4 568.5 (141.9) SPR Inventory 589.6 599.2 9.6 OPEC excess capacity () 6.0 2.0-3.0 3.0-4.0 Worldwide oil demand 66.0 77.0 11.0 () now being utilized by Saudi Arabia, to offset Iraqi disruption of 2.0, and Nigeria 800,000. I doubt Vz is producing 2.5, and if they are it's temporary, not sustainable as their infrastructure and personnel situation is a wreck. simmonsco-intl.com The proof of "over supply" is in the pudding as they've been talking about "walls of oil" from the middle east for several weeks now. Yet the weekly inventory levels are barely budging: Message 18755568 Simply put, "analysts" like Fadel Gheit are wrong and a bit clueless.

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