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

To: Frank who wrote (72685)	9/8/2000 9:59:10 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Come on folks - SELL! There are several producer stocks I desparately want to re-enter or accumulate, and I am willing to do so for a mere 1-2 point drop. Sell those NG pure plays because OPEC will produce more oil. It's the thing to do, isn't it? Allow me to "pull the babies out of the bathwater"

To: Frank who wrote (72685)	9/8/2000 10:01:10 AM
From: diana g	Respond to of 95453

Kuwait Would Support a `Marginal' Increase in OPEC Oil Output By Sean Evers Kuwait City, Sept. 8 (Bloomberg) -- Kuwait, OPEC's seventh- largest producer, said it would support a ``marginal'' output increase by the oil exporters group when it meets in Vienna on Sunday even though the market is already supplied with enough oil. ``We are convinced, based on studies and official data, that there is a surplus of crude oil in the markets, but little products due to the inability of refineries to meet international demand,'' said Kuwait's Oil Minister Sheikh Saud Nasser al-Sabah, KUNA news agency reported. The Kuwait minister said he would support a ``marginal'' output boost around 500,000 barrels a day. Divisions may be emerging within OPEC over future output policy ahead of group's meeting Sunday. Saudi Arabia, the group's biggest producer, has called on exporters to boost output to lower prices to between $22 and $28 a barrel, while Kuwait, Iran and Venezuela have resisted and appear determined to keep prices closer to $30 a barrel. Brent crude oil for October settlement fell $1.15, or 3.3 percent, to $33.40 in London. The minister was speaking before his departure to Vienna for the meeting of the Organization of Petroleum Exporting Countries. quote.bloomberg.com