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

To: Donaldm who wrote (58571)	1/15/2000 10:46:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Ex Im bank approves $100 million to PDVSA. Sounds like this money gets spent right here in the Patch. Any one know who will benefit and when? vzlanet.com bank provides PDVSA with $100 million Petr¢leos de Venezuela (PDVSA) has been approved credit guarantees worth $100 million for the purchase of U.S. oil equipment and services by U.S. Export-Import Bank. PDVSA will use the money to back oil exploration, production and refining in Venezuela and will buy from several U.S. suppliers mostly in the states of Texas and Oklahoma. Since 1993, Ex-Im Bank has given the okay to three credit guarantees involving PDVSA for a total of $465 million. ------------------------------------------------------------ About LK; don't know, don't care, to me it's all water under the bridge. Just tryin' to make a buck off Boom 2K. Gotta stay focused "like a laser beam" right now. Gotta like Wolanchuk's call for +30 oil here, though. The man just don't get no respect! <g> All just my very very humble opinion.

To: Donaldm who wrote (58571)	1/15/2000 12:28:00 PM
From: Crimson Ghost	Respond to of 95453

In his heart of hearts Larry Kudlow probably would like the US to threaten to bomb OPEC if they don't hike production fast. Just speculating now, but I suspect the tech stock bubble has a lot to do with OPEC's new agressive posture. Why shouldn't they get as much as possible RIGHT NOW like all those holders of soaring tech stocks. And the fact that the stock market has essentially ignored the inflationary implications of higher oil prices simply encourages more of the same. My own feeling is that the end of the bubble is very close now. But whenever it blows, I am 100% certain that the vast majority of those who are confident they can ride it to the end and get out with enormous profits just before the techs implode will be in for a RUDE AWAKENING. As Slider has said pigs make money but hogs get slaughtered. And the hog population has exploded exponentially in recent years.