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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: tdl4138 who wrote (46169)	6/9/1999 12:41:00 PM
From: Jon Cave	Respond to of 95453

Wow! Just think what these oil stocks would do if we had good API numbers. I expected RIG to sell off to about 23 today. Thought FLC would trade around 9.

To: tdl4138 who wrote (46169)	6/9/1999 1:05:00 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

I LOVE it! If Venezuala shuts down that will dramatically reduce the time needed to eliminate "the glut" (assuming other members don't simply increase production). "The oil workers' union, Fedepetrol, said that it would strike unless Petroleos de Venezuela SA, the state oil company, reversed a decision to freeze wages for 33,000 workers for the first time in six years. The union said it would make an announcement later today. A strike could affect oil deliveries to the U.S., which currently receives about 60 percent of Venezuela's production of 2.72 million barrels a day."