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Dim and Dimmer


DEC. 2 FORECAST

-- Oil at $15 a barrel in 1999
-- Cut 1999 capital spending $300 million
-- Cut $650 million in other annual spending by 2000

DEC. 23 FORECAST

-- Oil at $10-$12 a barrel in 1999
-- Cut capital spending $900 million
-- Increase 1999 portion of cuts from original $450 million


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Updated Dec. 30, 1998 by bwwebmaster
Copyright 1999, Bloomberg L.P.
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