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

To: Snowshoe who wrote (32684)	12/10/1998 12:27:00 PM
From: Platter	Read Replies (1) \| Respond to of 95453

OSX now UP .85 at 52.08 and, oil at 11.00, up from it lows of 10.69.

To: Snowshoe who wrote (32684)	12/10/1998 1:45:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

<< crude oil production lowest since 1954, DOE says >> This MUST be addressed by the powers that be... I believe it is being addressed politically with arm twisting of Saudi & OPEC by the US. We can NOT afford to have our 2 most valuable National Security oriented Industries - Steel & Oil; decimated by foreign over-production. Tarriffs, embargo's etc. are not realistic or probable nearterm, but arm-twisting and political pressure at the highest level is. We must act now. When we permanently ''shut in'' wells and lose our land based production base, or lose companies and a part of an Industry; it's time to act. " Lowest production since 1954" ; if this headline isn't on the ''right'' desk's at the Pentagon and in Congress & the Senate; we've got a problem Houston... For this reason, I do not think that low crude prices we be ''allowed'' to continue for as long as analysts or The Street may think... PS hmmm; lowest production since 1954, yet worldwide and US demand is actually growing; but yet we have a historic over supply ? ...something about those statistically ''missing'' 300 Million Brls of Oil sounds real interesting right now ???