GW GREY WOLF Message Board

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Microcap & Penny Stocks : GW GREY WOLF

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To: Jason Riche who wrote (299)	6/28/1998 8:10:00 PM
From: MoneyPenny	of 444

The demand for oil world wide is down because of SEA economic crisis. Most of the storage areas for oil are already at capacity so there is less need temporarily for more oil. If you read back a week or so over at Strictly Drillers thread you will hear jokes about using people's swimming pools for the excess, etc. With the cost of crude so low at this point, it doesn't make sense to keep pumping at this time. This is only a short term problem but many have been caught unawares by the severity of it (too much reserves, low demand, cheating on cutbacks by OPEC, etc.). Just my simplified take on the situation.

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