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

To: Roebear who wrote (32374)	12/2/1998 11:16:00 PM
From: Richard D	Respond to of 95453

Chavez supports production cuts after Venezuelan elections: biz.yahoo.com

To: Roebear who wrote (32374)	12/2/1998 11:32:00 PM
From: Rob Shilling	Read Replies (1) \| Respond to of 95453

There sure is a lot of oil out there !! That is the catch phrase of CNBC for most of the year. Pardon my sarcasm. A chink in CNBC's spin is that there was a 5.7 million barrel drawdown last week. U.S. storage is up a HUGE 14 million barrels or so from last year ... WOW, we are awash in oil !!! (more sarcasm). Venezuela doesn't seem to be the bad country it has been portrayed as and it will stick to the cuts (Chavez). Also, I couldn't find it on the internet today, but Shell in Nigeria had to stop 135,000 bpd because of rock throwing protesters (WSJ). Shut-in production in non-OPEC supply has to be big and getting bigger. The more nobody in the press talks about this, the more I think it is true. As I posted before, there is a 2.5 mbpd drawdown that has occurred since September not counting any non-OPEC shut-ins. Boy the weather is warm !!!! Woops, the U.S. isn't the only country in the world. The winter in Europe is colder than normal (do they use oil there ???) -- more sarcasm. Since nobody but the big boys are making money at $11 oil, it cannot last that long. Big oil just has to keep talking oil down a little longer until they can get their big mergers done. I feel for Exxon and Mobil, they have to merge just to survive :((( Poor big oil companies let us help them in their time of weakness, go ahead and merge you poor companies. We need to reunite Standard oil anyway, it only makes sense in a world where perjury is not criminal, where IRAQ can make a constant fool out of the U.S., and where hedge funds with $6 billion in capital, and 2 nobel prize winners can make $3 trillion in "investments" and lose. (much more sarcasm). Good time to buy more oil for the SPR ... too logical, sorry I mentioned it!

To: Roebear who wrote (32374)	12/3/1998 3:18:00 AM
From: dfloydr	Respond to of 95453

<<did that Electric RAV4 have any muscle?>> In Arizona we have a few of the GM EV-1s running around. I tested one at a dealership. That thing is a silent rocket ship. It out accelerated my Mercedes 300 E easily. Really, it is a neck whipping experience to stomp on that power pedal! I loved the car. However, I live an irregular existence and would outrun a charge many days. Floyd