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

To: Think4Yourself who wrote (72584)9/7/2000 3:33:22 PM
From: GREENLAW4-7  Respond to of 95453
 
Yes I do believe the article in BARRONS by Abelson. No i didn't short based on that article, its just a fact that the crude is out of the ground just not here YET!!! Please look at 97 stats on Oil and what happened when OPEC opened the spicket because no one could find the crude, it showed up 2 months later and never stopped coming until oil was at 10BBL!!

This is what OPEC is talking about! They don't want to add to production because before it created a GLUT!! If we have a warm winter and they raise this week end by .5-1 Mil bbl, I am afraid we could see oil below 25 over the next 3-6 months!!



To: Think4Yourself who wrote (72584)9/7/2000 3:35:55 PM
From: Telemarker  Read Replies (1) | Respond to of 95453
 
JQP, you may also consider the capacity of the nations docking facilities. I have heard that the facilities to unload oil from the tankers are running at full capacity+.

Could the missing barrels be on the missing tankers? Maybe a Bermuda Triangle type of thing?

Good to know that while energy market participants have lost their sanity, we have "greeny" to keep us straight.

Regards


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