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


To: 007 who wrote (20466)4/27/1998 11:05:00 AM
From: Tulvio Durand  Read Replies (2) | Respond to of 95453
 
Can someone explain why Dec Mexico Maya oil price is projected at less than half the average prices of Dec North Sea Brent and Dec WTI Cushing? oil-gasoline.com Thanks. Tulvio



To: 007 who wrote (20466)4/27/1998 12:42:00 PM
From: Douglas V. Fant  Respond to of 95453
 
007, I am very much involved in issues in the Sudan ,and have been for the last few years so I understand.. There a cruel Government has killed over 1,300,000 mainly Africans in the last few years; However the Africans have fought back literally from the "grave" and now actually appear ready to win the civil war there over what i would call a truly Fascist Government.

But for our purposes the point being is that oil supplies get disrupted. Just because a country produces x bbls/day of crude, do not assume that the production will continue add infinitum in the same amount without some downtime....

And I think the pundits are wrong on oil- especially as Asia swings into a recovery mode- wtch oil supplies tighten up naturally withot any help from OPEC whatsoever....

Sincerely,

Doug F.