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

To: SliderOnTheBlack who wrote (48725)	8/2/1999 9:13:00 AM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

Slider (OT) - No need to say red alert. This has been in the news a few weeks now. Whether or not it'll finally play out remains to be seen. Small E&P's should continue to do pretty well regardless.

To: SliderOnTheBlack who wrote (48725)	8/2/1999 12:00:00 PM
From: Douglas V. Fant	Respond to of 95453

Slider, Hey I can "weigh in" on Asian product demand at least-our company's lube and gasoline sales have all been rising for three-four months in every Asian market except Japan- and Japan sales began rising here just recently too... Remember the note that I posted about an important internal planning benchmark for the energy industry? Each percentage GNP growth in a country will cause a concomitant 1% increase in domestic oil usage....

To: SliderOnTheBlack who wrote (48725)	8/2/1999 1:42:00 PM
From: dfloydr	Read Replies (2) \| Respond to of 95453

Slider, or any one who knows the far east oil bidness: Shell is cutting back its refining in Singapore. This clashes with all my other informational inputs - could it be that Shell is loosing market share? Or do they have an operating problem unique unto themselves? Doug V. Fant has reported that his company's product sales in the far east are improving. Other indications are that the area economies are recovering fairly briskly. In the fuzzy corners of my memory I seem to recall that some of the Arab states have built a lot of refining capacity over the past few years and not long ago that was reported to be underutilized.