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

To: Think4Yourself who wrote (85864)	2/1/2001 9:24:42 AM
From: jim_p	Read Replies (2) \| Respond to of 95453

John, The primary reason for the gasoline build of 6.6 million barrels last week was due to a decline in demand (the recession factor), not an increase in supply. Puts more pressure on the OPEC factor. The real question is, was OPEC more disciplined this cycle, or was the "New and Improved OPEC" simply a function of a tighter market. Hummmmmmmmmmmmmmmmmmmm!! My believe is OPEC is OPEC and it hasn't change at all. Oil prices will be market driven, not OPEC driven. Gasoline demand last week was 6.995 million barrels a day, which is the lowest level of demand since 1997. I don't make it up, just report it. Jim