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: SliderOnTheBlack who wrote (42385)	4/16/1999 12:55:00 PM
From: Think4Yourself	Read Replies (1) of 95453

I was tempted to sell. Then a sense of perspective set in. Compare prices to November's rally on HOPES for an OPEC cut. Then look at news since then. OPEC cut Saudia Arabia announces HAS complied with cuts Iran notifies Japan more cuts in May Mexico declares force majuere, will comply Venezuala's new leader complies with former agreements GOM, Worldwide rig use extremely low. Depletion, depletion, depletion Iraq has been overpumping, damaging oil fields Colombian terrorist activities Land well shutins, especially in US (just LOOK at the numbers!!) NATO intervention in Kosovo, destroys fuel supplies US govt (DOD) announces end of cost saving fuel stock depletion announces request for 144M gallons jet fuel (now another massive amount of planes to be deployed) IEA announces they have been overestimating supply and underestimating demand Korea growth phenomenal Japan finally turning around SUV sales skyrocketing I AM NOT SELLING AT ==>BELOW<== THE NOVEMBER FAILED RALLY PRICES!!!

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