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Non-Tech : The Critical Investing Workshop

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To: Eski who wrote (32361)	9/8/2000 12:28:06 PM
From: CAtechTrader	Read Replies (3) of 35685

Eski..Oil will be downward bound from here...the "glut" in late 1998 was fabricated via overstating supplies by the IEA, intentionally to drive prices lower during the asian meltdown and the "shortage" today is just as fabricated as the IEA has to slowly take "revision" barrels out of supplies to get the numbers back into equilibrium from 1998. Supplies have been tight, but are not nearly as tight as the stats show. Oil should have never been at $10 in 1998 nor $35 this year. Statistics do lie and the DOE and IEA have their own agenda they use the stats for. I trust those I know in the energy biz for the truth.

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