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

To: Bearcatbob who wrote (82613)	12/25/2000 1:00:14 PM
From: hdrjr	Read Replies (1) \| Respond to of 95453

Flynn's Christmas Report:Friday, December 22, 2000 Twas the last report before Christmas and news from the pits, natural gas flies but petroleum slips. GW says OPEC should open their spigots with care but Ali Rodriguez says that is not fair. The President Elect puts his Governorship to bed while visions of tax cuts dance in his head. The Petros say a recession is near and a change in the Fed bias say we may have something to fear. With winter upon us and another strong winter blast it seems the oil bulls have taken a winters nap. Yet all of a sudden we see another arctic blast of cold and the winds of winter are becoming increasingly bold. Sadaam Hussein is again playing his games but at least for the moment the oil sees it as more of the same. Supplies are now tight and if the slowdown speeds up, the petroleum market is bound to erupt. The natural gas just shoots to the sky while those in the oil stand idly by. OPEC says clearly cuts on the way and Kuwait and Iran will show them the way. The market last found its bottom at this time of year and if you go long the options you might be a sayer. Bill Richardson seems to be counting the days so someone else can start getting the blame. California is in a terrible plight and if something’s not done quickly, they may lose their lights! The EPA’s Browner is out sniffing exhaust and will ram through regulations regardless of cost. She says global warming is the thing to be eased and hopefully asthmatics will be able to breath. But the poor little trucker will pay the ultimate price and jobs will be sliced and that is not nice. Al Gore may be sore as the chads didn’t score. And he didn’t foil big oil and they’re safe for the day as Texan George W will show them the way! The next few years drillers will be drilling as supplies they are dwindling and are ripe for refilling. Oil prices should rebound unless the landing is hard so a January rebound should be in the cards. With natural gas prices taking their toll, a nice gift this year will be a big lump of coal! The snow in Chicago is a beautiful sight so I will leave early to be with my wife. But before I take my leave and take flight, I wish you a blessed and Merry Christmas and to all a good night.