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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (26861)	1/28/2003 8:37:38 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

$15... uh, maybe? Venezuelan politics aside they should be back up to full steam pretty soon...I've been reading that 90% of the oil workers are now back to work and it looks as though the wells are still pumping wet even after this prolonged standstill. With the M.E. it seems like every multinational has a deal to build new infrastructure and in Russia the fight is on to increase the flow of their pipelines because there's so much of it shut-in. ...sub $20 this year, depending on how fast we restore oil inventories -- surprisingly enough inventories are rising with or without Venezuela at full production. Regards, Frank P.