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

To: Aggie who wrote (48718)	8/2/1999 2:29:00 AM
From: Douglas V. Fant	Respond to of 95453

Aggie, Speaking of Big Oil, there is another great article entitled "Big Oil Moves to Kill Off Antidumping Action" by John Paul Pitts in today's Permian Basin Oil & Gas Report. Pitts compares recent vigorous US Government Action to stop dumping of lamb meat in the US markets to its inaction inthe oil markets, and that they are shaking in their boots about this independent petition to the FTC. Strange, in the oil markets state oil companies are fixing prices and divvying up US market share- but the CEO's of the Big Oil have the audacity to go public and say "let the free market work" and set oil prices- otherwise US consumers are hurt. Hmmmm...it looks like US consumers will now eat doubled oil prices due to Big Oil's definition of a "free market" in oil prices for the last few months..... The US Government is too deeply in bed with Saudi Arabia to honor the independents' petition- which has a lot of legitimacy from my contacts in Venezuela and the Middle East....