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To: Think4Yourself who wrote (47058)	6/29/1999 6:48:00 PM
From: ChanceIs	Respond to of 95453

K. Lingerfelt - Look at the Imports and Domestic production. I think that this is a small decrease relative to what we will see later. We imported a lot of crude and gasoline. Did you notice that Europe began running their refineries harder this week. The US is feeding off of Europe's excess. Domestic production is down 450K/day. When Europe gets tight and is less willing to export, we will see sharper declines. Speaking of imports, with Asia recovering and the US at record import levels does anybody like tanker stocks: OMM, TK, OSG? They are totally trashed out. I am holding OMM way below book. Feedback please.