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To: Lee Lichterman III who wrote (33644)	11/18/1999 8:51:00 AM
From: Lucretius	Respond to of 99985

yes, you are right.... i'm looking at thanksgiving.com for a move next wek...

To: Lee Lichterman III who wrote (33644)	11/18/1999 8:57:00 AM
From: Lee Lichterman III	Read Replies (4) \| Respond to of 99985

Futures holding firm, I guess trade deficits are bullish too. Note they revised the last numbers again too. Thursday November 18, 8:46 am Eastern Time CORRECTED-TABLE-U.S. Sept trade gap rose to $24.41 bln In WASHINGTON table, please note headline corrected to ``U.S. Sept trade gap rose to $24.41 bln' instead of ``U.S. Sept trade gap narrowed to $24.41 bln.' A repeated table follows immediately. WASHINGTON, Nov 18 (Reuters) - Commerce Department report of U.S. international trade. Trade in goods and services, balance of payments basis (seasonally adjusted, in billions of dollars). Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Balance -24.41 -15.17 -23.55 -191.60 -121.02 Exports 81.71 77.23 82.44 709.89 697.00 Imports 106.11 92.41 105.99 901.49 818.03 Breakdown of goods and services on a BOP basis (seasonally adjusted, in billions of dollars). TRADE BALANCE Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Goods -30.59 -21.61 -30.13 -250.76 -183.34 Services 6.18 6.44 6.58 59.16 62.32 EXPORTS Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Goods 58.55 55.47 59.14 503.73 500.12 Services 23.16 21.76 23.30 206.16 196.88 IMPORTS Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Goods 89.14 77.08 89.27 754.49 683.47 Services 16.97 15.33 16.72 146.99 134.56 Trade in goods on a Census basis, seasonally adjusted. Billions of dlrs: Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Balance -28.65 -20.12 -28.81 -238.45 -171.55 Exports 59.64 56.42 60.00 513.15 508.01 Imports 88.28 76.54 88.80 751.60 679.57 EXPORTS-Mln Dlrs: Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Autos/Parts 6,212 6,115 6,692 55,624 54,475 Civ.Aircraft 2,194 N/A 3,460 21,797 21,725 IMPORTS-Mln Dlrs: Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Autos/Parts 15,340 12,752 15,727 133,206 108,746 Civ.Aircraft 924 N/A 605 6,365 5,087 N/A - not available Unadjusted Census basis, in millions of dollars. EXPORTS Sept Aug Jan-Sept99 Jan-Sept98 Agricultural 3,760 3,693 33,637 36,529 Manufacturing 47,843 46,788 412,579 582,220 Crude Oil 17 99 545 764 Advanced Tech. 16,981 16,552 145,928 133,823 IMPORTS Sept Aug Jan-Sept99 Jan-Sept98 Agricultural 2,809 2,889 27,329 26,852 Manufacturing 77,088 76,676 644,876 582,220 Crude Oil 5,351 5,002 33,999 28,925 Advanced Tech. 16,067 15,408 130,046 115,013 TRADE BALANCE Sept Sept98 Aug Jan-Sept99 Jan-Sept98 Canada -2,859 -1,903 -3,264 -22,819 -11,531 Mexico -2,179 -1,439 -2,173 -18,847 -11,632 West Europe -3,538 -1,926 -4,438 -32,968 -19,717 China -6,902 -5,910 -6,866 -49,420 -42,406 Japan -6,638 -5,164 -6,393 -53,409 -46,398 Newly Industrial- ized Countries -2,288 -2,501 -1,704 -17,157 -18,210 South Korea -879 -763 -426 -5,316 -6,576 Taiwan -1,494 -1,627 -1,410 -12,124 -11,369 South/Central America -909 611 -901 -1,466 9,718 Brazil 119 330 15 1,296 3,394 OPEC -3,033 -907 -2,734 -15,039 -8,164 Indonesia -756 -727 -710 -5,683 -5,387 FORECAST: Reuters survey of economists forecast: $24.5 bln U.S. Sept trade deficit NOTES/HISTORICAL COMPARISONS: U.S. Sept volume of total crude and petroleum imports 340.1 mln barrels vs Aug 357.4 mln, Sept'98 330.6 mln. U.S. Sept value of crude and petroleum imports $6.83 bln, vs Aug $6.58 bln, Sept'98 $3.79 bln. U.S. Sept oil import price $19.52/bbl, highest since Feb'97 ($20.48), vs Aug $17.80, Sept'98 $10.99. U.S. Aug trade deficit revised from $24.10 bln. US-CHINA SEPT DEFICIT RECORD $6.90 BLN US SEPT IMPORTS RECORD $106.11 BLN US-OPEC SEPT TRADE DEFICIT RECORD $3.03 BLN biz.yahoo.com

To: Lee Lichterman III who wrote (33644)	11/18/1999 9:29:00 AM
From: flatsville	Respond to of 99985

Lee--That proposed sale from the SPR may slow the price rise in crude momentarily, but it doesn't change the situation as noted below which can only lead to higher crude prices in the intermediate term. >>>Got fuel? Companies that provide 93 percent of the nation's oil and gas participated in a June 1999 Y2K-readiness survey from the Federal Energy Regulatory Commission, according to the Senate report. But more than 1,000 smaller companies did not participate. The committee expressed concerns about the readiness of the oil and gas industry - particularly small- and medium-sized suppliers - and the industry's lack of public disclosure. The committee noted that 55 percent of the nation's oil is imported. Of the 10 largest foreign suppliers, seven are at medium, high or unknown risk of Y2K disruptions, the committee said. Venezuela, the top supplier at 14.7 percent, is at high risk, followed by Saudi Arabia (14.3 percent) at medium risk. The next two largest suppliers - Canada (13.4 percent) and Mexico (12.6 percent) - are considered at low risk. While some groups recommend topping off your gasoline tanks before the end of the year, the American Petroleum Institute says the Y2K bug will not affect gas pumps if they have power. A rush on the gas stations could create a temporary fuel shortage. API also points out the nation's two-month oil reserve, inventories held by suppliers and the incentive to avoid lost profits for businesses with Y2K problems. The Senate report, though, cautions that while the nation has more than two months of petroleum reserves, only a three- to five-day supply of petroleum products is available on a given day....<<< When you consider the potential problems in pipelines and refining the picture is not so cheery. Message 11871256