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

To: BigBull who wrote (71006)	8/16/2000 11:42:10 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

The "missing boe" in the supply stats is "why"... Evidently; the crude oil traders are for now - "buying into" the talk of their being a huge # of "Missing BOE" in the supply side of the stats - creating the case for a massive need for OPEC to increase production to merely bring the market into any degree of supply/demand balance - and this in essence being impossible. If this is the case - that $50 BOE upside potential due to a literal "Supply/Demand" shock is what it portentds...."if true" - not so sure I believe the #'s from either camp ? I am also not so sure that the immense political pressure that is SOON going to be brought to bare on OPEC & the massive Media & Govmt spin on crude can be stopped quit yet. - so we will soon find out just what capacity OPEC has; because Uncle Sam is going to grab them where it hurts & squeeze every last drop that they can produce here shortly imo... I've trimmed substantially - OSX 135 is a large & looming hurdle here - not so sure the OSX can clear it yet...you guys can have the next 5 points up; I want the 15+ down as a re-entry. We shall see. I'll ride my partial position & keep my greenbacks for potential opps here shortly.