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

To: Now Shes Blonde who wrote (67026)	5/25/2000 10:46:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 95453

I'm surprised, no one has CHK as one of their picks? Well, I'll take that one<g>..every 10 cent increase in the price of gas means a $60mm increase in their asset value..(no one liked it at 2,not at 3,not at 4,,and still not at 5.5?<g>) reported by a poster, as of yesterday, they had no hedges in place)

To: Now Shes Blonde who wrote (67026)	5/25/2000 10:58:00 AM
From: Wowzer	Read Replies (1) \| Respond to of 95453

I have been hearing this argument for awhile that oil will come down and gas will not reach $2 a gallon due to election year. Why? Because the US doesn't want it or should I say current administration. However, the Saudis seem to be running the show right now. Who do you think they would rather have as President Gore or Bush? (Personally I dread either one, both a couple of mommas boys.) I am betting the Saudis want Bush, they owe the family big time for saving their asses. So why not put a little pressure on the Gore campaign? Plus Richardson annoys the hell out of me so I can only imagine how the Saudis feel about him. Compound that since he is a Vice President candidate, which must really get the Saudis going. Personally I just don't see the motivation for the Saudis to increase production. No matter how much the US screams and whines. This "informed" Gulf source seems to think the same way as well. Why can't they name names? Is there some sort of top secret operation going on? Or maybe the informed source is Kudlow.....LOL OPEC Sure to Keep Same Oil Limits in June May 25, 2000 7:14 am EST LONDON (Reuters) - OPEC oil producers are sure to maintain output limits unchanged when they meet in a month's time despite a recent surge in crude prices, an informed Gulf source said on Thursday. "In June for sure we will not change anything," the Gulf source said. He said it was clear that U.S. crude prices now at $30 a barrel had risen because of worries about U.S. reformulated gasoline supplies rather than a shortage of OPEC crude. However, if the 20-day average for a basket of OPEC crudes moved above the top end of a $22-$28 a barrel range then 500,000 barrels a day of extra OPEC supply would automatically be triggered, he added. OPEC ministers agreed on the mechanism at a meeting in March when they set export quotas that expire at the end of September.