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Strategies & Market Trends : Point and Figure Charting

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To: Sam Quentin who wrote (3720)	6/15/1998 7:13:00 PM
From: wizzards wine	of 34817

Hi Sam, I'm sure Tom will answer that question. In researching this today, we find that with the Asia problem, and Asia consumed about 50% of the Saudi output and was increasing at 1,000,000 barrels per week: think that was the period???, but anyway the point being that they all had the production geared up to the increases seen as needed for the new world markets. The producers have not as yet slowed production and thus the storage capacity is nearing it's limit. Many are looking at shuting down until demand returns, as they are below break even points. JJ posted a futures site for oil and other things. The futures for oil are increasing toward 16-17 within 12-18 months. The Asia Problem will be contained and working toward a fix within the next 6 to 12 months... Watch Rubin!!! It's in the USA and Europes best interest to help resolve these economic problems...just watch... it will come around. Just my thoughts Preston

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