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


To: Snowshoe who wrote (27543)8/11/1998 7:14:00 PM
From: Amelia Carhartt  Respond to of 95453
 
Terrific. Yo quiero Gameboy tambien!



To: Snowshoe who wrote (27543)8/11/1998 9:00:00 PM
From: Gameboy  Read Replies (3) | Respond to of 95453
 
Greg, what's the word? This IEA report your touting as gospel isn't really from the same IEA that estimated the May to June reduction in total oil production at 180,000 barrels/day only to have the Petroleum Intelligence Weekly on July 13th estimate the same reduction as 550,000 barrels/day. That other IEA didn't seem to be playing with a full deck.

Stay tuned, dude, I'm sure the truth is what you seek and it has a way of popping out its ugly head. Other than the speculative futures prices of oil, the only prices of oil I've seen have shown a steady weekly increase, every single week in July.

By the way, if your selling oil futures short and they get down to $9.00/barrel I'd cash out then rather than going for the $8.50 you're banking on. My humble opinion.

Best of luck,

Steve