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


To: Think4Yourself who wrote (37726)2/18/1999 12:00:00 PM
From: SargeK  Read Replies (1) | Respond to of 95453
 
By adding 28.8mmb to the SPR and by allowing OIL Companies to store excess production (thus taking both off the market) the U.S. government is in effect reducing inventories available for current use.
The companies have to agree not to withdraw stocks for a minimum of one year. Hell, I may be wrong; but, that is the way I see it.

K