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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: AL R who wrote (5687)12/7/1998 8:50:00 PM
From: Crocodile  Respond to of 24905
 
Al,

Thanks for your reply. I agree with both David and you. It may take some time for things to get back in balance. I just keep looking at prices and wondering if the oil sector can get any softer. But then I thought that same thing about gold a year ago and look how long that's being going on for....although, in many respects, it's like comparing apples and oranges.

BTW, regarding "generators"... There sure are a lot of people in eastern Ontario who have "invested" in generators for their houses or farms after toughing it without hydro during the big ice storm fiasco last January. You can't help but feel a little nervous about the situation either. Already a couple of large power outages in our area this winter as a result of minor problems. Makes you wonder just what kind of shape the grid is in after last winter.

Take care,
Croc



To: AL R who wrote (5687)12/8/1998 9:05:00 AM
From: Tomas  Read Replies (1) | Respond to of 24905
 
Al: There are actually 300 million bbl of oil missing, see Oil & Gas Journal:
Message 6541032

As to the global oil supply/demand balance, see EIA's new International Petroleum Supply and Demand Outlook:
eia.doe.gov
Global oil demand now exceed supply, an inventory drawdown has been occurring since September.