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

To: paul feldman who wrote (44470)	5/11/1999 11:07:00 AM
From: Brent Hogenson	Read Replies (3) \| Respond to of 95453

Food for thought If demand exceeded supply by 330,000 in the first quarter and OPEC is 85% compliant with the 2 million barrel cuts, then draw down is now 2,030,000 bpd. If the real glut is 225 million ( not counting the "paper barrels" ), we have 110.84 days of excess supply. At the current draw down starting 4-1-99 ( we wont count Q1 of 1999, although we should ), the world will wake up to a oil shortage July 19th @ 8:09:36 p.m. Give or take a few seconds of course. We are approximately 69 days away from things getting real interesting! Things could also get interesting after the API #'s in the upcoming weeks. Comments?