SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?


To: Alan who wrote (6711)1/17/1998 11:35:00 PM
From: Sycamore  Read Replies (2) | Respond to of 11888
 
"<<Another oil shock may lie in wait>>" Maybe, maybe not???

Barrons article dated January 19 page 5 by Alan Abelson:

Matt Simmons, the top dog at Simmons and Co., an outfit that knows everything worth knowing about the oil-service business growls about the bum estimates - or "busted numbers" the International Energy Agency, the ultimate source on global energy and supply makes as to how much oil and equavalents the world is consuming and producing.

According to him, the agency always exaggerates energy supply, while just as invariably downplaying actual oil demand. The result is the near-universal perception that this old planet is awash in oil and gas. What it's really awash in, largely thanks to the agency's errant data, is energy complacency. And that way, warns Matt, lies the world's "third and perhaps biggest oil shock."

Anyway, that's the meat pretty much. Enjoy the rest of your weekend!

Sycamore

P.S. Expecting a rise in share price accompanied by good volumes in AIPN during the last few trading days in January.