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

To: BigBull who wrote (63141)	3/28/2000 9:58:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Always good to see a local boy do good. big

To: BigBull who wrote (63141)	3/28/2000 2:09:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

This number is DEATH to the oil bears - DEATH! I'm unfurling my "Don't Tread on Me" flag! It is official - 4% world wide gdp growth THIS year. ------------------------------------------------------------ biz.yahoo.com NEW ORLEANS, March 28 (Reuters) - The International Monetary Fund, in a steep upward revision to last year's World Economic Outlook, now expects the world economy to grow by four percent this year, a senior IMF official said on Tuesday. ------------------------------------------------------------ This means oil demand will be at a minimum of 78 mbpd this year. Not only is OPEC behind the demand curve - they are WAAAAAAYYYYYY behind the demand curve. Even the worst cheating, Mexico, Norway, Iraq pumping scenario that has been presented will keep stocks where they are. Since the IMF is one of THE most conservative estimators of growth I've seen I am now upping my estimate of world GDP growth to 5%. This will keep the world crude stocks in chronic deficit. Does any one remember my estimate of 4% posted here a few weeks ago - hmmmmmmmmmm? Well it was the MOST conservative number I could come up with based on the numbers I was seeing in the first 2 months of the year. Throw out those silly numbers like 1.5% demand growth. Watch out folks - you ain't seen nothin' yet. Bet on it! The fat lady is singing. Stick a fork in it. <VBG>