Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: CatLady who wrote (15414)	3/30/1998 9:29:00 PM
From: Broken_Clock	of 94695

There may be a slight delay in the BK action. The OPEC talks came in at 1.5 mil BPD but the traders were looking for 2 mil. The latest figures show refineries in the USA bought every barrel they could get their hands on during the last downswing, effectively giving us the highest all time reserves on record and filling up available storage. Word is oil will stay low until next year and the market will love this coupled with the Big Bang. AG may not be forced to raise rates if oil stays low, therefore fueling the bubble towards an eventually bigger collapse. Sound logical? PK

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