Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RBlatch who wrote (40567)	3/22/1999 11:50:00 AM
From: Douglas V. Fant	Read Replies (3) of 95453

RBlatch, Exactly the point I've been trying to make- 500mm barrels in storage is not that much oil in a world economy that uses 75mm bbls/day- about a seven day supply. Point being that looking at oil in storage is a complete "bogey" for determining market conditions. Look instead at projected annual GNP growth rates for countries since oil usage tracks GNP growth rates pretty much on a 1:1 ratio., and also current oil production data... Sincerely, Doug F.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next