Statistics show that Nymex oil price was it's highest for 20 years in 2003. USA is importing more and more oil. China's oil use is on the increase. Norway and Gb production in decline?. Iraq and Russia are looming in the background but it's looking likely imho that OPEC can hold it's price band next year at least at least. Forward cash flow for Dana for 2004 could be 60 million pounds. That would make the balance sheet look more than healthy. Not bad at present.
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