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

To: SliderOnTheBlack who wrote (38141)	2/24/1999 2:03:00 PM
From: Jon Cave	Read Replies (3) \| Respond to of 95453

There is no bottom for FLC <g>. FLC sinking like the Titantic. That stock continues to amaze me every time it sets a new low.

To: SliderOnTheBlack who wrote (38141)	2/24/1999 2:09:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Slider, US stripper wells may have been shut in, but what about all the wells being drilled right now all over the world? How much production is typical for a NEW well, and how many have come on line in the past year? How many are going to come on line this year? Do you know the ratio between new production and terminated production? Is it growing, shrinking, or staying the same? I am not saying your conclusion is right or wrong. I cannot, because it was reached using a invalid argument. Ken

To: SliderOnTheBlack who wrote (38141)	2/24/1999 4:23:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Slider: If Platters previous post about Rodrigues, Chavez, Venezuela really cutting their production to agreed levels is true then the next of the "cheaters" are Iran and Nigeria. My bet is the next to cut production is Iran. It looks to me as though they are losing their battle with the Saudi's. thr 058 goods-prices wholesale price index increases by 17.5 percent in 11th month tehran, feb. 22. irna -- the wholesale price index of goods increased by 17.5 percent in the iranian month of 'bahman' (january 21-february 19), the 11th month of the iranian calender, compared to the same month last year. a report released by the central bank of iran (cbi) statistics department said that the wholesale index of goods stood at 669 units in bahman, which is 1.7 percent higher than in the previous month. furthermore, the average price index in the first 11 months of the year (since march 21), was 18.7 percent higher than in the same period last year, the report said. the price index for the first 11 months of 1376 ending in bahman 17.7 percent higher than that of the same period the previous year (1375). the report also said that the price index for food items, beverages and tobaco in bahman was 2.7 percent higher than that of the preceding month. the price index for fruits and vegetables rose by 6.9 percnet, rice by 3.8 percent, red meat, poultry and fish by 1.1 percent and tobacco by 10.3 percent. the price index for eggs donwed by 7.1 percent. bg/hm end ::irna 22/02/99 20:55 Their only hope in rescuing their currency is to get up the price of oil by cutting production and renegotiating their debt. Same as Venezuela. The oil price war is having it's way with them.