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

To: jim_p who wrote (73097)	9/12/2000 8:14:36 AM
From: jim_p	Respond to of 95453

New York Times article. The cat is out of the bag.<G> Out-of-hours trade in New York crude was just one cent below a 10-year high at $35.84 a barrel. There is still a feeling of ``panic among consumers,'' said Glen Murray of oil brokers Azure in France. The latest price run up came amid fears that fuel supplies in the United States are stretched to breaking point. Fuel stockpiles are running at more than 20-year lows despite U.S. refineries operating at maximum capacity. ``We are approaching a crisis of great proportions because oil production capacity is reaching its limit,'' OPEC President and Venezuelan Oil Minister Ali Rodriguez said at the end of OPEC's two-day talks in Vienna. ``I don't think prices are going to get there now but they could rise to $40 depending on the winter,'' he added. nytimes.com Jim