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To: ms.smartest.person who wrote (900)	3/31/2006 9:21:46 PM
From: ms.smartest.person	Read Replies (2) of 3198

&#8362 David Pescod's Late Edition March 31, 2006 CRUDE OIL: $66.50 -0.65 Dave’s on stress leave still in Mexico, as he seems to be the only one worried about huge inventories for oil...The last time the American Inventory numbers were this high, oil prices were closer to $18.00, then they went to $60.00, but no one seems to be worried. So again, he is the only one worried about it and that’s why he’s in Mexico. Today, oil drops significantly, because the Iranians said that they will not use oil as a weapon in their nuclear debate and some pipelines that were in trouble in Nigeria suddenly aren’t in trouble today. I guess you can count on one thing with the price of oil these days and that’s volatility! If you would like to receive the Late Edition, just e-mail Debbie at debbie_lewis@canaccord.com

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