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

To: Crimson Ghost who wrote (39413)	3/10/1999 8:43:00 AM
From: JungleInvestor	Respond to of 95453

George, I expect the IEA to continue with the upward revisions of demand throughout the year and downward revisions of supply. Their forecasts are based on history and lag the strong recoveries of many Asian economies and the capex cuts/shut-ins which have been increasing. IMO, if OPEC and non-OPEC oil producing countries do come up with a significant cut agreement, these cuts will correspond in timing with the improving supply/demand balance and it would not be surprising to see oil prices go well beyond $20/bbl this year.