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To: Tommaso who wrote (68177)	6/13/2000 11:39:00 PM
From: kormac	Read Replies (1) \| Respond to of 95453

Tommaso, I am sure that you have seen the numbers from here. eia.doe.gov The new number puts crude to 295. We are well below the normal band and the drop last few weeks seems to be larger than normal during this part of the year. Coupled to this there seems to be also uncertainty of how much OPEC can increase production. My take is that supplies are tight owing to robust consumption around the world. with my best, Seppo

To: Tommaso who wrote (68177)	6/13/2000 11:57:00 PM
From: AltLar	Respond to of 95453

Tommaso, My take is that we are nearing a peak in production -- this year, next year, two or three years after that. After that it is down hill for cheap pumpable crude. Take a look at hubbertpeak.com. Big Dog said this will be the year the world changed. We have used half of the planets supply of pumpable crude in less than two generations, a nano second in geological time. Demand is growing at 2-4% per year. If this year or the year after represents a peak in production all hell is about to break out. The API numbers present data for the forecast, but the important thing to remember is to keep your eye on the climate.

To: Tommaso who wrote (68177)	6/14/2000 2:13:00 AM
From: double-plus-good	Read Replies (1) \| Respond to of 95453

Tommaso; on the surface the numbers are quite bullish for the oil stocks. but if you believe the 'gubment isn't beyond fudging the ppi and cpi numbers, you might also have some reason to wonder whether some folks might like to put the pressure on OPEC to raise supply without the appearance of strong-arming them as was the case last time. of course API is not the government arm...still... if the price of oil doesn't come down soon, all those recent government lies about falling prices (PPI and CPI) are going to come back and haunt them in a big way. i should be able to take some credit for this rally. i am 2 for 2 at sparking rallies with my notes of grave concern on technical analysis. i'll try to make it 3 for 3 by noting that we appear to be making a left shoulder of sorts on the daily charts. ok, now that that's said, we can rally to 150 -g- ++