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

To: RealMuLan who wrote (31630)	11/9/1998 7:18:00 PM
From: Gameboy	Read Replies (1) \| Respond to of 95453

The IEA is at it again biz.yahoo.com Excerpt: Crude tumbled after the London-based International Energy Agency reported demand this year will fall an additional 200,000 barrels of crude over previous forecasts, putting implied demand at 74.3 million barrels a day. Demand in the fourth quarter is expected to tumble 600,000 barrels as economies in Asia and Russia continue to struggle, the group said. One has to wonder what it will take to get Kuwait to change its constitution. biz.yahoo.com Excerpt: However, the minister stressed that Kuwait does not plan to forge production-sharing accords with foreign oil firms in violation of the country's constitution and that parliament's approval of any deals would be sought. Since 1975, foreign oil companies have been prohibited from participating in Kuwaiti oil production. The country's constitution states that ''all natural resources and all their revenues'' as state property." Leaders in Kuwait's parliament have urged the government not to sign any deals with foreign oil companies until a new law is issued outlining the obligations of foreign firms wanting to do business in the Kuwaiti oil sector. Best of luck, Steve