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

To: Second_Titan who wrote (72740)	9/8/2000 3:52:00 PM
From: Second_Titan	Read Replies (1) \| Respond to of 95453

Really 3 million? Okay maybe with some real effort you could produce it with help from UAE and Kuwait. But who wants these last noxious sour barrels? When you find a customer, will there be a tanker to carry this increase? Will this oil increase the HO & Gas stock levels in the US? Dow Jones Newswires OPEC: Saudi Oil Min: OPEC Spare Capacity Is At 3M B/D Dow Jones Newswires VIENNA -- Saudi Arabian Oil Minister Ali Naimi said Friday that OPEC's spare capacity stands at 3 million barrels of oil a day. Naimi was responding to questions from reporters. Leaving his hotel in Vienna, Naimi was asked what extra volume the Organization of Petroleum Exporting Countries is considering adding to the market, and he responded, "We'll tell you on Sunday." Naimi wouldn't elaborate on which members the spare capacity comes from. By Dyala Sabbagh, Dow Jones Newswires

To: Second_Titan who wrote (72740)	9/8/2000 3:53:50 PM
From: Jon Cave	Respond to of 95453

re: missing barrels I know where they are. There in my backyard. Somebody here mail me a check for 1 million barrels x $32 a barrel and I will have UPS deliver them . I bet Slider has been going around town and stealing those barrels. He is probably hoarding most of those missing barrels along with his gold <g>. He did say that he had a project he was working on.

To: Second_Titan who wrote (72740)	9/8/2000 3:57:14 PM
From: ItsAllCyclical	Respond to of 95453

>> Economist Edgard Habib, also believes there are missing barrels of oil that are not reflected in the inventory data. To backup his belief, Habib noted that there currently aren't any available oil tankers. << If I were a bear I'd be pretty worried. If these "missing barrels" never show up (just like they never showed up in '99) then he's admitting that tanker capacity is a SERIOUS issue. We'll know in about 6-8 weeks if we have yet another problem to worry about. If they do show up all they'll be able to do is take us back to non-critical levels. Either way it appears to me there aren't enough tankers to flood the market (assuming OPEC could). Next the crude still needs to be refined (and be of the right quality). I agree 100% with BigBull, the bears are totally ignoring products (not to mention NG) when looking at the energy sector.