Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (7571)	9/12/2000 4:25:53 AM
From: John Hunt	Respond to of 24905

OPEC president warns of possible oil capacity crisis [ OPEC President and Venezuelan Oil Minister Ali Rodriguez said Monday a possible world oil production crisis was approaching as producers in the cartel were nearing their capacity limits. Oil prices, already at their highest level in a decade, could reach $40 per barrel by the end of the year, he added, if it is a harsh winter in the northern hemisphere. "We are approaching a crisis of great proportions because oil production capacity is reaching its limit," he told a news briefing after cartel meeting in the Austrian capital. "I don't think prices are going to get there now, but they could rise to $40 depending on the winter," he added. Exploration for oil at ever-deeper levels below the earth's surface and seas was proof that the planet's petroleum supply is not infinite. "These are signs that all is not right in production," he said. ] continued at... news.excite.com Ever feel we are getting the good cop - bad cop treatment? :-))