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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Whitman who wrote (15038)8/30/2000 9:16:03 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
not to belabor a well known point, it still is refreshing to take a gander at the state of the blossoming energy crisis now and then:

tfc-charts.w2d.com
tfc-charts.w2d.com
tfc-charts.w2d.com
tfc-charts.w2d.com
tfc-charts.w2d.com

the biggest instances of ouch were taking place in gasoline and nat. gas today...btw, the nonexistent Brent/WTI spread is another indication that supplies must indeed be tight.

i think the market may be looking to find relief from OPEC and players may get ready to play a post OPEC correction...which makes me think that it may not occur this time around. this has all the hallmarks of a runaway market...

it appears to me furthermore that the transportation bottleneck may well make any Saudi production increases irrelevant. what's more, Japan and China are reputedly using their huge clownbux holdings to stock up their strategic reserves...

now, if Saddam gets the idea of reducing output to force political concessions...well, then the stock market can only go higher, right?
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