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

To: Tomas who wrote (64107)	4/9/2000 12:23:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 95453

Mighty quiet here,,jeez, Winter has returned here in the NE,,windy, cold and snowing-whiteout conditions..;^)

To: Tomas who wrote (64107)	4/9/2000 1:38:00 PM
From: Tomas	Read Replies (1) \| Respond to of 95453

Mexico's energy minister: "I believe a $25-$30 per barrel band is adequate" MEXICO CITY, April 7 (Reuters via energy24.com) - Mexico's energy minister, Luis Tellez has given a target range for world oil prices and said the country would co-operate with other major producers to achieve it. "There must be a price band, and I believe a $25-$30 per barrel band is adequate," said Tellez in testimony to Mexico's Senate. This compares to a $22-$28 a barrel price band that OPEC has said it will defend, and is higher than a $20-$25 range that Tellez supported in February. The $22-$28 range refers to the OPEC basket of oil. Mexico is not a member of the OPEC cartel of oil-producing nations. Tellez said, "I believe this would give stability; what is important is that the mechanism functions and has effective continuity". The minister said OPEC's decision to adopt policies for three months instead of a year gave the group the necessary flexibility to regulate prices using supply. slb.com