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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (19961)	4/22/1998 10:30:00 AM
From: mph	Read Replies (2) \| Respond to of 95453

Oil may become obsolete if Gore gets his way... Wednesday April 22, 10:00 am Eastern Time Company Press Release SOURCE: Fuels for the Future Vice President Gore Cites Ethanol's 'Dramatic Advances,' Calls on Congress to Extend Ethanol Program; 'Pulling The Plug Would Be Terrible Mistake' WASHINGTON, April 22 /PRNewswire/ -- Vice President Al Gore says America's farmers ''deserve a strong vote in support of our nation's ethanol program.'' In a radio address with Secretary of Agriculture Dan Glickman this week, Gore warned against congressional attempts to end the ethanol tax incentive program which, he said, ''has led to dramatic advances in ethanol's prospects as a viable, mass marketable fuel.'' ''Pulling the plug on this progress would be a terrible mistake,'' the Vice President said. ''Without continued, strong federal support, investments in this growing industry will dry up and ethanol's promise to our nation will evaporate,'' he said, ''costing farmers and rural towns billions of dollars, and thousands of hard-working Americans their jobs.'' Gore reiterated that the administration will fight moves in Congress to end the ethanol program. ''President Clinton and I will strongly and actively oppose any effort to eliminate the ethanol program,'' he said. ''We challenge Congress to do what is right for our farmers, our rural communities, our environment and our national security. ''This week, as Congress comes back from their recess, farmers across the country will head out into their fields for spring planting. With a little help from Mother Nature,'' he said, ''corn growers will have a crop that's 'knee high by the Fourth of July.' ''These farmers may have to worry about the weather and the markets,'' he said. ''They shouldn't have to worry about Washington. They deserve a strong vote in support for our nation's ethanol program. ''It's the right thing to do for our farmers, our environment, and a bright, clean, healthy and secure future for all Americans.'' Gore praised the government's support of ethanol: ''In the past decade, public investment in the U.S. ethanol industry has led to dramatic advances in ethanol's prospects as a viable, mass marketable fuel,'' he said. ''Ethanol is also good for the environment. New research shows that ethanol can reduce greenhouse emissions compared to traditional fuels. As we more fully understand the heavy toll of carbon-based fuel on our environment -- particularly air quality -- it makes sense to invest in clean fuels that protect our environment without sacrificing our quality of life.'' Gore appeared on a weekly radio program hosted by Secretary Glickman, who also was critical of efforts by anti-ethanol forces in Congress to kill the ethanol tax incentive. ''Despite all the benefits of ethanol,'' Glickman said, ''some in Washington want to eliminate this important program. In 1995 and 1997, they tried to destroy the program. Now they're at it again. ''Right now, Congress is debating a massive transportation bill. This Administration wants this bill to extend the federal tax exemption for ethanol until 2007. A strong, bipartisan majority of the Senate has agreed with us and included the extension in their transportation bill,'' he said. ''Unfortunately, the Republican leadership in the House of Representatives has chosen a decidedly different approach,'' Glickman said. ''Right now they are trying to eliminate the ethanol program.'' Glickman's target is Rep. Bill Archer (R-Tex.), chairman of the House Ways and Means Committee, who opposes ethanol and works to eliminate the tax incentive. House Speaker Newt Gingrich (R-Ga.) and other Republicans support the ethanol program. A House-Senate conference started this week to resolve differences between extending the ethanol program through 2007, which the Senate overwhelmingly supported, 71-26, and an effort by Archer to end the program in 2000. SOURCE: Fuels for the Future Related News Categories: government, oil/energy Help Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?

To: The Ox who wrote (19961)	4/22/1998 11:17:00 AM
From: iandiareii	Read Replies (4) \| Respond to of 95453

Here are the latest month's short interest figures for the OSX constituents, followed by info on a few other thread favorites. I used Yahoo's average daily volume to suss out the trading days equivalent of each short position. Recent volume increases in many of these stocks render the days-to-cover figures a little high. Please correct any gaffes in my math, my analysis, or both. All in all a mixed bag, it seems to me, but a few things caught my eye. Luc's NE might have run away from the pack if not for the bears selling it off, same for PDS. Both showed resilience through a marked increase in shorts. Plenty new HAL merger shorts seem to be waving in the breeze. Also, it looks like EVI's quarterly performance might have blind-sided a lot of folks who ended up scrambling to cover yesterday as the stock took flight. Traders had sold over a week's worth of EVI and many are probably still trying to get it back. They took their chances, now they're paying their money. Providing the whole sector doesn't get whacked by market news, could any kind of decent numbers out of PDE or NE today touch off the same kind of launch? Although PDE's volume was up yesterday, the shorts may owe the brokers about four days worth of PDE. If the Q report doesn't give them a bad news window to crawl back in, I think they'll be looking to pony up sooner rather than later. (For that matter, when does TDW report?) Margin calls await. All comments welcome. Thanks again for the excellent posts. ian Entries read, left to right: trading symbol, # shares open, % change open shares from March 19 to April 21, # days volume to cover. Bold figures indicate month/month percent gain. I could use some SI formatting tips -- obviously -- as well. BHI ....... 4,167,277 ...... 23.9 ..... 2.4 DI ........ 4,364,786...... -0.2 ..... 3.3 FLC ....... 3,520,962 .......6.3 ..... 2.6 GLBL ...... 1,054,591..... 76.1 ..... 1.3 GLM ....... 3,137,938 ..... -11.5 ..... 1.3 HAL ..... 19,111,007 ...... 63.3 ..... 7.3 NBR...... 6,933,716 ..... -13.0 ..... 4.7 NE..... 4,020,718 ..... 133.8 ..... 2.9 RDC ....... 1,482,554 ...... -30.7..... 1.5 RIG ....... 3,821,051 ...... 27.6 ..... 3.0 RON ........ 539,713 ...... -53.3 ...... 0.7 SII ........ 783,362..... -26.1 ..... 1.2 SLB...... 5,375,711 ....... 1.6 ..... 1.6 TDW...... 4,670,492 ...... -6.3 ..... 4.7 VRC ...... 2,000,113 ..... -18.8 ..... 3.1 ------------------------------------------------ ESV ...... 4,959,723..... -13.2 ..... 3.5 EVI ...... 6,400,351..... -5.0 ..... 7.0 FGII ...... 639,693..... -15.1 ..... 1.4 HMAR ..... 1,579,622..... -9.9 ..... 4.3 MDCO ..... 1,311,016 ..... 71.5 ..... 0.8 PDE ......1,474,351 ..... 2.9..... 5.0 PDS ....... 666,630..... 48.2..... 2.7 TMAR...... 343,463..... 76.9 ..... 0.46 UTI ....... 235,352 ..... -7.2..... 0.6