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Non-Tech : Invest / LTD
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To: The Ox who wrote (14394)12/17/2002 4:12:46 PM
From: SJS  Read Replies (1) of 14427
 
Mike,

I don't disagree either, however oil is not going to be jawboned down. Venezula's got a general strike brewing, and we get a lot of oil from there. Not only that, the geopolitical climate is not stable, and oil is also reflecting an increasing chance of war with Iraq. Our winter is colder than normal so far, and it got started earlier.

So being from oil country or not, oils price doesn't appear to be sensitive to much other than what people see with their eyes vs hear with their ears.

Steve
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