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.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (42309)	10/4/2000 6:09:41 AM
From: ColtonGang	Read Replies (2) \| Respond to of 769667

Clinton-Gore energy plan working.........."U.S. crude oil prices are down 15 percent from a 10-year high of $37.80 on Sept. 20, two days before U.S. President Bill Clinton ordered the release of oil from national reserves to help bolster refinery supplies. Prices will likely fall further as a result of the latest production increase from the Organization of Petroleum Exporting Countries, which started Oct. 1, and because of the planned release of U.S. emergency reserves, traders and analysts said. The alarm over heating oil supplies in the U.S. ``is like the great gasoline shortage of June and July -- it just disappeared and the oil price shot down to 25 bucks, said David Johnson, an oil analyst at Chase JF in Hong Kong. ``I think there'll be enough oil to see us through the winter.'' The API said U.S. crude oil inventories rose 3.42 million barrels, or 1.2 percent, to 287.8 million barrels last week from a week before. Analysts surveyed by Bloomberg News had expected an increase of between 1.2 million and 1.7 million barrels. Heating oil stockpiles rose 300,000 barrels to 47.7 million in the week ended Sept. 29, narrowing the year-on-year gap to 35 percent from 36 percent. Still, supplies declined along the U.S. East Coast, the biggest market for heating oil."