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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (3486)	8/29/1998 10:45:00 AM
From: Razorbak	Read Replies (1) \| Respond to of 5504

Domestic Russian Demand <<Asia was serving as the "growth engine" for the world increasing demand for crude by at least twice the worldwide increase in demand. The crisis there not only killed that growth but actually got their demand below that of last year, thus the glut. Russia may have a limitation on how much more oil they can pump, but their internal demand could go down by a good 10% to 15%, rediverting the excesses to world markets.>> Zeev: How is that going to further influence global supply & demand which is already greatly imbalanced? Which Asian country do you think was the great economic "growth engine" eating up excess oil supply? China? Without a doubt. Russia? Think again. Domestic Russian consumption has been declining for years already. <g> eia.doe.gov Razor