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

To: Big Dog who wrote (72760)	9/8/2000 11:56:45 PM
From: victorw	Respond to of 95453

Big Dog -- You just reminded me of the "oilman's prayer" (or maybe it was a real estate developer) "Oh Lord, let there be just one more boom. And this time, let me not f__k it up."

To: Big Dog who wrote (72760)	9/9/2000 1:24:05 AM
From: renovator	Respond to of 95453

In sportstalk parlance I'm "First-Time, Long-Time",having been here for a very productive and profitably long time! Thank you all for your huge contribution to my in-depth energy education. Our country's relentless energy gluttony and supremely arrogant self indulgence are not lost on the rest of the world. While we whined about regular approaching $2.00 this spring it was 2-3 times higher in most of the world. The OPEC line claiming only 12% of the bottom line cost of refined products is particularly compelling when CNN beams constant reminders of our excess worldwide to many who have had their pockets picked while the Euro gets creamed by the dollar. They will be blaming us when their own governments set the tone. One thing to remember while considering the crude market prices. The Saudis and other producers are major players in the futures markets. Both ways! I suspect the Saudis had big short positions before jawboning about the initial 500,000 barrels which set up very nice returns. Since then the traders have refused to go for any Saudi head fakes until the actual oil is on hand. Regards, Renovator

To: Big Dog who wrote (72760)	9/9/2000 7:29:44 AM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 95453

For the record I covered SOME; HAL, GLM, and RIG. I personally feel monday could be a rally in crude and the OSX. But of course maybe not. I feel on any strength I will short RIG, HAL, and more DO, and GLM on monday or tuesday if OSX does bounce. I next fall will come late tuesday going into API report. I predict a very large increase this week, over 5 mil BBL and lets see if some of that LOST OIL shows up!! On another note its really too bad Joe. D from the YHOO rig board as choosen after about 3 years of the best posting to hang it up. I hope he decides to come back, without his SUPERB KNOWLEDGE and OPINION of OSX we are all in deep trouble! This poster must IMHO be an oil service analsyt for a major firm in NY or some where. He always seems to be one step ahead of the pack. I hope JD that for whatever reason drove you from the RIG board that you overlook that for the sake of your fellow traders who have admired your insight over the years! Even if it was contrary to my beliefs at any particular time!

To: Big Dog who wrote (72760)	9/10/2000 7:42:07 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Doggus Maximus, since you were the first to alert the board about the coming production capacity problems, I thought you might be interested in the following stories that vindicate your view: ------------------------------------------------------------ quote.bloomberg.com Iran, Nigeria and Indonesia last month produced less than their official OPEC targets at a time when prices were rising toward a 10-year high, reflecting an inability to pump more oil. Venezuela is at or near its estimated peak of 3.05 million barrels daily after a lack of investment during the last two years cut its potential by more than 10 percent. slb.com MUSCAT, Sept 9 (Reuters) - Oman said production difficulties were hampering its ability to keep crude oil output at 850,000 barrels per day (bpd) to meet demand, a spokesman for state-run Petroleum Development Oman (PDO) said on Saturday. ------------------------------------------------------------ Could this be the year that Europeans governments end their windfall profits at the expense of producers? My, my, wouldn't that be something? ------------------------------------------------------------ news.bbc.co.uk Earlier, leaders of the two main agriculture unions said they obtained important concessions from the government, including a significant cut in fuel taxes. But correspondents say the concessions will cost the French government about $640m slb.com ROME, Sept 10 (Reuters via energy24.com) - Italian Prime Minister Giuliano Amato has criticised fellow oil consuming nations for doing nothing last year for producer states when oil prices hit rock bottom. 'We complain now but we forget what we did to them. These are developing nations which derive their income from oil. We did nothing when the oil price slumped to $10 a barrel last year,' he said. ------------------------------------------------------------ My socialist friends say "The peasants are revolting" and "Let them eat cake" so what do they get? Storm the Bastille, brother! Bring on the tax guillotine!