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

To: Tomas who wrote (27500)	11/28/2003 11:38:29 AM
From: russwinter	Read Replies (1) \| Respond to of 206181

RJ partly attributes the big spike (to $2.50 bbl) in tanker rates (Persian Gulf to GOM) to "higher insurance rates due to concerns over recent attacks in Saudi Arabia." I just don't think that's the correct conclusion. The real reason is the frantic scramble that's on for virtually all key commodities and the lack of available shipping. Most of the incremental demand is out of Asia. Current freight rates in general: quote.bloomberg.com Secondly, look how total US petroleum inventories has edged down for four straight weeks. Historically, this week 42-47 period should be at worst flat, or even increasing a bit.

To: Tomas who wrote (27500)	11/29/2003 11:17:11 PM
From: Tomas	Read Replies (1) \| Respond to of 206181

Floating out the big guns Upstream, November 28 The high-stakes, high-tech market for floating production systems continues to capture the imagination -- and the wallet -- of the international oil industry. The world fleet of floaters, which has already ballooned from 42 units a decade ago to 154 at present, is projected to climb by at least 100 over the next five years, including 37 units currently under construction. Expectations of between 62 and 89 new floater orders by the end of 2008 are likely to equate to massive capital investments in the range of $22 billion to $31 billion. Dominating the scene is the Golden Triangle, encompassing West Africa, Brazil and the Gulf of Mexico, with massive new projects pushing back the envelope on both sides of the Atlantic. In this 18-page special report, Upstream reporters take a closer look at the market, the projects and the technology that have redefined the offshore industry and opened the door to the riches of the deep.