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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Chuzzlewit who wrote (24338)6/18/1998 9:37:00 AM
From: Sunny  Read Replies (2) of 95453
 
Demand by whom? With inventories where they are the public will basically not be affected. Only the big oil buyers may possibly reduce their purchases, and that's not all bad.

There were reports out of New Orleans yesterday that some of the independents in the gulf are shutting in production. While this may be a small amount of oil on the world wide scheme, it is the kind of action that if adopted by more people will help consume this bubble.

Sunny
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