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


To: MARK BARGER who wrote (25569)7/13/1998 10:45:00 AM
From: Karen Blankenship  Read Replies (2) | Respond to of 95453
 
Hello to all the "Strictly" regulars....Been a lurker for quite some time; long enough to see that I should have listened to LT....
My empathetic pain runneth over.....

Question: If the oil glut is only a "perceived" glut, and the oil traders are running this show, at what point does their strategy reverse?? I don't recall the post number, but someone pointed out the "days usage" in storage, and according to his breakdown,there is really no glut. That should be a truer measurement, should it not? Afterall, Asian demand is obviously down, but overall demand is up....

I'll be glad when LT buys ne again; I'll feel much more secure.

Good Luck All.