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To: bob stroup who wrote (37490)	2/12/1999 9:09:00 PM
From: steve harris	Respond to of 95453

Kurlak leaving Merrill Lynch, maybe Miss Janet (Rasmussen) will go too? cnnfn.com

To: bob stroup who wrote (37490)	2/12/1999 9:09:00 PM
From: Bilberry	Respond to of 95453

U.S. oil production is at the lowest level since 1954, and foreign crude now accounts for about half of U.S. oil supplies. biz.yahoo.com

To: bob stroup who wrote (37490)	2/13/1999 1:11:00 AM
From: A. Geiche	Read Replies (1) \| Respond to of 95453

<<Many seem to be giving up hope>> Bob, it is worse than that.. "Hope" is just a vague emotional condition, not a big deal. But a consensus is forming that "a world is likely to remain awash in cheap oil for many years to come" (Washington Post), that the era of expensive energy is over and that the OS investors' "optimism" is naive.. That all this talk about reduction of oil production is nothing but a delirium, that right opposite is going to happen and is, in fact, already happening, for it is what the world economy needs while the technology is capable of providing. At the present, it is US and SA who are in the complete control of the situation, and this countries are interested not in reduction of oil production but in increase of it and this is whereto Saudis efforts are directed. Saudis see the solution of their financial problems not in curbing but in further growing of their oil industry, and they are working on this. The other oil producing countries will be devastated and forced to surrender their oil industry to Western oil companies. Their oil resources are huge, and those oil companies need them very much.. Only Iraq's oil resources are equal to those of Saudi Arabia. It is this why this country is in such a mess now.. And Russia's oil resources are not less than those of the entire Middle East.. Meanwhile, many alternative sources of energy will be tapped up, and some of them are virtually of immense potentials.