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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: PashaBear who wrote (12278)2/20/1998 3:13:00 PM
From: Czechsinthemail  Read Replies (2) of 95453
 
Thanks for the Worth repost, Harold. I particularly liked this part:

...one stark fact trumps the entire fundamental case against oil: The world is experiencing the tightest supply-demand balance in oil and natural gas in a decade. "We are pumping 97 percent of proven producing capacity," says Tozzi. "If the Asian economies hadn't slowed, in fact, we could have been in deep trouble." It's not that there's no more oil down there, explains Carl Thorne, CEO of Ensco International, an energy-exploration and - production company, "but our production surplus is running out. There simply aren't enough straws in the ground.

Baird
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