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To: BigTex who wrote (1928)8/28/1998 7:27:00 PM
From: David Sirk  Read Replies (1) | Respond to of 5908
 
Ah TEX! We don't have an Oil mine here.



To: BigTex who wrote (1928)8/29/1998 10:54:00 AM
From: Jon Matz  Read Replies (1) | Respond to of 5908
 
"World crude oil demand sparked by the hot economies of southeast Asia and China is rising faster than increases in supply from all non-OPEC sources. In 1996 it is estimated that OPEC will operate at 93% of capacity, excluding the potential capacity of Iraq."

Personally I find it irresponsible to quote 1996 predictions since this is not the same global economy at all. Most of the southeast Asians that bought gas guzzling Mercedes in the last five years traded them in for bicycles over the past year. And it's likely that in the coming year so will the Japanese, the Europeans and dare I say it, the Americans.