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To: Tomas who wrote (74474)	9/24/2000 9:51:35 PM
From: Second_Titan	Read Replies (1) \| Respond to of 95453

Saddam the Despot Retribution will come some day for Saddam, but not sufficiently in this life. Speaking of uncertainties: Actual OPEC Production ? Just how precise are the figures? Actual Production capacity of OPEC? Are they already in overdrive? As far as Simmons goes I have read most everything of his that I can get my hands on. He sure seems to be on the mark from my perspective. This energy crises is only in its early stages. At the pace we are going in 6 - 12 months the world may be fully cognizant that there is no production capacity in reserve, that E&P activities at best are keeping up with depletion, and that considerable time is required to get the supply curve ahead of the demand curve. A year from now the same thing could be said for NG in the USA. Although we may take so hits with volatility , there is not a better place to invest for the next 2-4 years. Perhaps when we finally get ahead of demand curve the resultant peak production will occur as predicted by Campbell.

To: Tomas who wrote (74474)	9/24/2000 10:13:41 PM
From: Tomas	Read Replies (1) \| Respond to of 95453

Analysts were skeptical Friday that the release of oil would have a price impact. "This is a blip on the screen. It is going to have a limited impact on prices. I don't anticipate the consumer will feel much change." Kenneth Miller, senior principal at Purvin & Gertz, Houston-based energy consultants ____________________________________________________________________ "Strong prices are necessary to make sure oil producers invest enough in exploration and production to meet future demand. Without good prices we may well end up with a shortage of capacity in the future." The secretary general of Opec, Rilwanu Lukman, Sept. 23