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To: Bobby Yellin who wrote (43832)	10/25/1999 7:00:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116796

One of the world's most highly regarded and influential oil gurus, Phil Verleger, revealed before a packed house at the OPIS '99 National Supply Summit in Phoenix, that he believes the values for Brent crude are headed back to the $24-$30 bbl level as the world faces its tightest supply picture since the Persian Gulf War. go.com

To: Bobby Yellin who wrote (43832)	10/26/1999 1:36:00 AM
From: ahhaha	Respond to of 116796

None of it is deflationary. Steel said that were China to join the WTO, the United States and other member countries would have the option to challenge the Asian country's trade policies, an element that could potentially protect U.S. producers. And, China would have to decrease government controls on its agriculture industries, leading to more private sector involvement and perhaps more competition. It's in China's interest and that of the rest of the world for China to stay out of the WTO. As long as they do that they can remain competitive. When they join the "club" everyone loses. Notice the protection afforded US producers if China joins? Of course, China could join and only nominally cooperate. That is classic Chinese strategy and it is counter-inflationary. Nothing is deflationary in the world today. Any economic policy now has only varying degrees of inflationary. This is the result of FED interventionism to do good to the world.