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Energy, Energy Service, Natural Gas & Oil Sectors: Re: Heard that Barron's is publishing a story this weekend abou


  1. lcha

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Top 1.   Aug 3, 2001 5:40 PM

» lcha - Re: Heard that Barron's is publishing a story this weekend abou

In response to message posted by Rande:

You might have seen that Shell reported a nice profit of $3.5 Billion last quarter. That's not the news.

The news is they said that their oil production FELL 1% year-over-year. One of the biggest oil companies in the world working with $28/barrel oil and they didn't increase oil production one iota.

When demand DOES pick up, OPEC will be that much more in control.

Thanks for the heads up on the article.

-- posted by lcha


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