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

To: BigBull who wrote (42430)	4/16/1999 5:42:00 PM
From: JungleInvestor	Respond to of 95453

BigBull, I really agree with you. Hate to sound like a broken record, but oil price is not going to be determined by waiting for the June API/DOE oil inventory data to see if OPEC is in compliance. The energy traders who are making deals each day see first-hand on a real time basis how tight supplies are - and this is what is driving the price!! The API/DOE data was important when there was an excess of oil because their was an abundant supply of oil and people focused on inventory to see if the supply was dropping or increasing. Tight supplies is a different story however.