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

To: BigBull who wrote (37297)	2/11/1999 9:46:00 AM
From: JungleInvestor	Respond to of 95453

In addition, economists have been telling Japan that they need to increase their money supply by buying bonds in order to stop the deflationary spiral and jump start the economy. Japan is starting to listen (finally).

To: BigBull who wrote (37297)	2/11/1999 11:52:00 AM
From: Douglas V. Fant	Respond to of 95453

BigBull, I believe that none knows for sure how much oil is in storage- hence the discrepancies between the EIA and API numbers. Next year's worldwide demand EIA I believe projected at 74.7 millions bbls/day of oil. I don't know about you guys/gals but that seems like a s--load of oil to me. We have a couple of crude terminals in Japan and we also market finished products in Japan. Let me see if I can contact the terminal manager and see what she knows about product demand... I can tell you that our product demand, gasoline and lubes, has turned upward for the first time in a while in Thailand, Korea, and Taiwan- that's a start....