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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: arnold silver who wrote (7406)	2/16/1998 9:24:00 PM
From: hoosier bob	Read Replies (1) \| Respond to of 11888

Just joined A.O.L., could someone please re-post directions to the infamous aol site. thanks ! and Arnold, please back off qdog, most of us appreciate his info.

To: arnold silver who wrote (7406)	2/16/1998 9:29:00 PM
From: qdog	Respond to of 11888

Moi??? Smart ass??? Back in October, I reiterated my belief that crude was overvalued and in over supply. I was also told that Asia wasn't a problem. Well, it is. Indonesia is an OPEC member, as is Venezuela. Both are going to cheat on production quotas. Then there is the mild winter or El Nino. Warmer waters ain't going to cause cooler weather. Cooler waters will (BTW, they are saying that is in fact happening this year). You also have oil coming online from various sources, such as deepwater Gulf, West Africa, Colombia, North Sea. Complicate it with Iraq's food for oil deal, which is tie to daily dollar amounts, not per barrel amounts. 1.25 mil per day ain't chicken feed (before the war they were around 2.5 mil). It's become a self feeding monster in the short term. I felt the commodity boys and girls were off the mark running the price up to $25 based on the US companies adopting a new storage philosophy about 2 years ago. Further complicate it with what I also pointed out, oil companies have been replacing reserves faster than they deplete them for the past 4-5 years. All these people keep saying that there is an increase in demand, but supply is still outpacing it. Now that Asia is removed from the equation for at least 6 months, if not more, you don't even have a growth factor. Will Asia straighten itself out in the near future? Three months, six months, 1 year? Will this spill over into other economies in the 3rd World? S. America, Afirca, Middle Asia??? Going to play the oil game, better follow the underlying commodity.