Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jbe who wrote (22172)	5/16/1998 6:29:00 PM
From: Lee Fredrickson	Read Replies (2) of 95453

jbe; Don't think you're alone...I've been under the 'hood' of my PC about a grillion times, and it still don' run worth a damn. I'm also a pretty damn good mechanic (of ferry boats), but will walk thru tarantulas to avoid working on a vehicle or kitchen appliance... (FW that's W). <This is the sort of thing I run across when I follow a tech thread:> <Now, oil -- that's another story! There's this black gook in the ground.> Yeah... but the black gook has a way of being manipulated by non-productive types in the following ways: <...The current manoeuvre (sic) has seen the spread between June forward paper cargoes---the current basis for pricing--- and July paper somersault from a 30% discount barely a week ago, to a 30 cents premium now....> from London Reuters, 5/13/98. Now, I've got a tenuous grip on what that says, but compound it with all the trading tricks, political ploys, and various other machinations in the Oil Biz, and I'm not so sure that this game is completely the Supply><Demand game that we wish it were. Fun is where you find it... Bought a wee pharmaceutical issue last week [NEOT], there's another field where the nuts and bolts terminology and science can get pretty furry... Adio Drive careful Smack is good for forgetting your worries. (And your name and address, too.) Or was it mph that was inquiring? Lee

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