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

To: Snowshoe who wrote (27411)	8/9/1998 7:50:00 PM
From: Big Dog	Read Replies (4) \| Respond to of 95453

ODB's Sunday newsletter reports this rally don't got legs...oh wait a minute...that's me. I would be surprised to see much follow through this week without oil price increases. Be careful and be nimble. Lots of new "stuff' over at the ODB website jump.to Some cool news features from CBS news and NewsPage. Go put in a ticker symbol and up pops news that is not normally seen relating to the trading of the stock. Maybe some of you are familiar with this, but it was new to me. Also, tons of new links to satisfy your oil cravings. Thanks to JZGalt for these fine additions. Big Dog predicts: Bill will resign before the November elections UNLESS actions are taken against Sadam. big jump.to

To: Snowshoe who wrote (27411)	8/9/1998 8:53:00 PM
From: Gameboy	Read Replies (1) \| Respond to of 95453

Greg, the difference between 900,000 barrels/day and 1.2 million barrels/day (worldwide growth in oil consumption in 1998 from 1997) and the difference between 500,000 barrels/days and a figure well over 1,000,000 barrels/day (the actual extent of the OPEC cutback on July 1st) is not minor quibbling. Combined, the difference could easily add up to over 1 million barrels/day. As to the increase in US crude supplies, no one is forcing the US refineries to load up - they have the resources and are doing so because prices are rising (from $11.37/barrel week ending July 10, to $12.27/barrel week ending July 31st). I believe the US is getting its share of oil at the expense of countries less able. Rising prices, both for the US and total world, reflect a tightening supply. The neverending glut, an impotent OPEC, and world economic catastrophe because of the Asian Crisis, reflects conventional wisdom or the stocks in the oil service sector wouldn't be down by 50-60-70%. I'm just looking out for you, Greg, because I don't think that's an accurate picture of the way things really are. My humble opinion. Best of luck, Steve