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

To: Think4Yourself who wrote (71076)	8/17/2000 9:00:17 AM
From: BigBull	Read Replies (3) \| Respond to of 95453

Colombia - the chickens are coming home to roost. ------------------------------------------------------------ dowjones.work.com But output is forecast officially to fall to 710,000 barrels a day this year from 816,000 b/d in 1999. On current trends, Ecopetrol is set to stop exports and start buying from multinational partners to meet local demand by 2003. ------------------------------------------------------------ I wonder how long it will take for the idiots in Washington to get it. What is NOT needed is more political pressure on OPEC. Can't squeeze blood from a stone, after all. Oil from an empty reservoir, neither. If they want ever expanding world economic growth then they need increased production CAPACITY! What is needed is for the govt to begin to incentivise big oil capex. Not oil company or Arab bashing. Sadly, I fear only a crises will waken these 0 watt dimwits. C'est la vie