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

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To: CommanderCricket who wrote (73536)	10/19/2006 3:39:28 PM
From: allevett	Read Replies (1) of 206179

CC, Doesn't sound like an oil glut to me. Maybe Bodman knows a little more than the WS herd and CNBC regarding supply and demand. Ocrober 19,2006 US pleads with Opec to think again on cutting oil output Opec members in serious talks in cutter today. The Times THE US Government pleaded with Opec yesterday not to act on its threat to cut oil production by one million barrels per day. Signals from the cartel that it was planning its first output reduction for two years sent the oil price surging back above $60 per barrel and provoked dismay in Washington. Sam Bodman, the US Energy Secretary, said that he would urge Opec to reconsider. 'We still need oil for sure. We still need all the oil we can get,' he told the Reuters news agency. The tumbling crude oil price has caused alarm within...

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