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

To: Area51 who wrote (64226)	4/10/2000 10:00:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

A long but interesting article about the state of the industry in Venezuala. chron.com highlights No one overly excited to develop their NG reserves NG = $.20/mmcf there, and mostly reinjected to aid oil prod. LNG becomes profitable if NG > $3.50 in destination market Chavez up for reelection May 27 conclusion Venezuala still desperately needs oil revenue. Expect them to be hawkish if prices go down, and expect "reduced quota" comments out of them at this level of pricing.