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

To: Elmer Flugum who wrote (71304)	8/21/2000 4:38:00 PM
From: jim_p	Read Replies (2) \| Respond to of 95453

len, 1. OPEC excess oil capacity now 1 MmBbl/d to zero from 20-25 Mmbl/d several years ago 2. Oil prices may go to $40.00 per Bbl next year. 3. Oil prices may be higher by year end 4. HO supplies in serious shortage 5. NG in short supply and demand continuing to grow for many years to come 6. NG shortage a potential major problem 7. Power shortages in U S a problem. I didn't hear the whole presentation, but I understand they are updating their predictions tomorrow. Jim