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Politics : Ask Michael Burke

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To: bob s who wrote (26745)	3/17/1998 6:51:00 AM
From: Mike da bear	Read Replies (2) of 132070

MB--How do you feel about oil prices recovering later this year? Also what is the best way to participate in a bounce? Thanks in advance!! Bob I'm the wrong Mike but I'll butt in anyway... If you felt oil prices would recover, I'd short Airline stocks. They've been climbing like crazy as oil drops. I think fuel price drops (at the end of the supply chain, i.e., the consumer or airline) are nearing bottom. Even if the raw material price continues dropping ($/barral of crude) there's a limit on what the comsumer will see. If crude were free, gas wouldn't be free because of transportation & refining costs + state and federal taxes. Anybody know what the price of gas would be if the crude oil were $0/barrel? mdb

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