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

To: oilbabe who wrote (58260)	1/11/2000 12:58:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

API guesses from JoeDi Crude up .5 to 1.0 Gas up 1.5 to 2.0 Heat up .5 to 1.0 Refinery rate down 7. to 1.0 Hard to say where we go now with inventory levels. This is only the second dip below 300 in 23 years and the last one in Dec 1996 was quickly reversed. We also have the fewest days-in-storage in 23 years. The DOE/EIA is predicting an inventory build in the first quarter to 320-330 and there does seem to be a historical pattern of inventory builds in the first quarter even though there is normally a inventory drawdown worldwide in the first quarter. Doesn't make sense to me. Since imports are the only real variable in the domestic picture, the US will import more than it needs while the rest of the world will import less? John