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To: BigBull who wrote (44611)5/12/1999 3:39:00 PM
From: IndioBlues  Respond to of 95453
 
AGA gas estimates due out after close... <eom>



To: BigBull who wrote (44611)5/12/1999 3:48:00 PM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
Yes, and look what happened: Lots of new capacity came on line around the world and they lost market share. THAT's why we have this mess now! They aren't likely to be that stupid again.



To: BigBull who wrote (44611)5/12/1999 4:04:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Big Bull

I agree that OPEC will start to hike production if crude goes much above $20. But I think Wallenchuk is saying that oil demand will climb so much that crude will hit $27 even with OPEC going flat out. And $27 with no spare capacity is much more bullish for the OSX than $27 with considerable excess capacity.


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