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

To: Jon Cave who wrote (57875)	1/4/2000 9:26:00 PM
From: Winkman777	Read Replies (3) \| Respond to of 95453

Disappointing API's??? Let's remember that last week API crude draw was larger than DOE. Not at home, so I hope I remember correctly. Probably DOE crude draw will surpass API this week. 1.5mil bl for 52 weeks = 78 mil bl. So while less than the average of 3 mil bl/week that we've been used to, it still is a significant draw. Quite a bit of seemingly negative spin around lately. Mysterious tankers, per DLJ, on the way to USA. This one may be true, Clinton/Richardson pressure on Saudi's? Or maybe it's the missing 300mil bls. (G) 17 mil bl that will be "returned" by "distributors"? OPEC compliance down to "more than" 70%? So much spin that I feel dizzy. The big picture was/is and will continue to be that demand is increasing and OPEC and friends are shrinking supply. All that being said, doesn't mean that OSX and E&P stocks will not dive again. They may. And I will buy heavily "if" it happens. Aufwiedersehen. Winkman