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

To: Terry D who wrote (83287)	1/3/2001 10:33:33 AM
From: Think4Yourself	Respond to of 95453

It will be amusing to watch these clown analysts upgrading the same stocks after the OPEC meeting (and after their clients have bought more shares). I wonder if their large clients have bought January puts on those stocks in the last week?

To: Terry D who wrote (83287)	1/3/2001 10:41:23 AM
From: excardog	Respond to of 95453

wierd piece snagged over the web: Oil-Exports-Termination /ECO/ Expert predicts halt in Iranian oil exports in 10 years Rasht, Gilan prov., Jan 3, IRNA -- Excessive domestic consumption as well as high cost of production will cause Iranian oil exports to come to a halt in the next 10 years, Behzad Omrani, a research official, said here on Wednesday. Addressing a gatherng on the optimal use of energy in this northern city, Omrani said that annual national revenues from oil exports is about dlrs 15 billion, which is a major part of the national budget. A plunge in oil exports will endanger Iran's national security because the country relies strongly on oil revenues for its imports of basic commodities, the official further said. Omrani also said that the country should harness some dlrs 15 to 20 billion dollars in investment in the next 25 years so as to be able maintain its current level of oil production of 3.5 to 3.6 million barrels per day. Some 30 million dollars of investment in the next 25 years is also needed to meet further domestic consumption and fund exports of Iranian natural gas to and through neighboring countries as a substitute for oil, the researcher further said. According to Omrani, the country currently consumes over 1.5 million barrels of oil per day. AR/LS/AH