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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Kerm Yerman who wrote (4811)3/14/1998 6:37:00 PM
From: Doug  Read Replies (2) of 24921
 
Kerm/Timing: Any analysis of Timing will be distorted by the pricing spikes. This year because of a 2m excess, WTI crude could go down to the $10 level and remain there till the Suppliers agree to throttle back. At the moment Saudi-Arabia & Venezuela are in a locked battle with taps cranked open 110 percent of last years capacity.

I believe the tide will turn only when the Venezuelans feel the pressure and cut back production.
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