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

To: A. Geiche who wrote (49881)	8/25/1999 10:50:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

Interesting theory, Geiche. Let's review some pertinent facts. 1. Strategic reserves are established by sovereign nations for the purpose of relieving shortages, not for paying debts or to be the private plaything of futures traders. This may or may not be written into law (do you know?). 2. Germany does NOT produce oil. 3. OPEC stated a few months ago that they intended to slash deliveries to Europe by 35%. I am assuming they are carrying out that plan. 4. Russia recently announced that it was suspending ALL gasoline shipments for two months so that internal consumption can be satisfied. 5. Germany's economy is improving with the rest of Europe. All this leads me to conclude that Germany may very well be facing shortages of oil. The German govt. probably does not want to broadcast this fact and are trying to spin spin spin so as not to create a panic. Of course you could be right. Oil's goin to 5. THE top is in. Oil is a dinosaur industry. The kingdom of heaven is at hand. Repent! <g>