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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: GREENLAW4-7 who wrote (5878)	1/4/2002 1:30:49 PM
From: Tomas	Read Replies (1) \| Respond to of 206328

Greenlaw: crude oil rises on signs that producers are reducing supplies. ``It's slowly dawning on people that the cuts they are making are real,'' said Jan Stuart, head of global research at ABN Amro Inc. in New York. ``The Saudis, Iranians and Kuwaitis are unambiguously adjusting their January loading programs.'' ``The early signs are that they will make cuts and try to adhere to the new quotas,'' said Phil Flynn, a senior energy trader at Alaron Trading Corp. in Chicago. ``For the first couple months of this year there will be substantial cuts'' from OPEC and non-OPEC producers. ``When a market makes a move like this, speculators don't stop to think about what might be causing it; they have no choice, their money is gone,'' he said. ``What we are seeing is speculators getting out of short positions, no doubt about it.'' said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York. Quotes from Bloomberg Energy