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


To: The Ox who wrote (71393)8/22/2000 5:33:34 PM
From: Wowzer  Read Replies (2) | Respond to of 95453
 
These look somewhat positive :-).... Thank god Prozac is getting cheaper or we would be in BIG trouble...

API out
by: JoeDi123 8/22/00 5:31 pm
Msg: 15802 of 15802
Crude off 7.8 million prior week revised up 1.1 million
Heat down 2.9 million last week revised up 838,000
Gas down 1.1 million



To: The Ox who wrote (71393)8/22/2000 10:42:37 PM
From: Bernie Diamond  Read Replies (1) | Respond to of 95453
 
Michael: I respectfully disagree.

The majors thinking that $18 oil is just around the corner (by next year) will cause some serious pain for themselves and our country. With ever increasing demand, and limited excess worldwide capacity, they had better seriously ramp up their drilling programs. If they don't get the oil they need, because of politics, depletion, etc., they're out of business. IMHO they MUST take a greater degree of risk to be certain they will have adequate supplies going forward.

Bernie