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To: ItsAllCyclical who wrote (57234)	12/21/1999 6:33:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Jim There can be considerable lag between API numbers and usage. They are as of last Friday (AM?/PM?). Crude probably has the shortest span between measurement and usage. Gas has a shorter span in urban areas and probably longer in rural areas. Heat can sit in dealer's tanks for a while before sale to consumers. Remember that the colder weather arrived after last Friday. I think they look very good, especially gas. Thats a hell of a high gas demand this time of year. Another thing I am expecting is that everyone and his brother are going to be topping off their heating oil tanks between Christmas and New Year's. Y2K may be a big nothing but, just in case, you don't want your family freezing. I can't understand the NG selloff in the face of very cold weather in primary NG area (midwest). John

To: ItsAllCyclical who wrote (57234)	12/21/1999 8:40:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

JimL, This post by JoeDi on the RIG board puts the API numbers all in perspective. messages.yahoo.com I'll take a 5 million net draw every week anytime. IMO, if we had some giant draw this week Richardson would be on the wires again talking SPR. Boil them like the frog - slowly. The only thing I disagree with JoeDi on is that stocks will go much lower over the next two months, taking crode into the low 30 dollar range. We are now seeing shortages in paper pulp, aluminum, and nickel. This indicates an over all demand driven bullish commodities picture. The crude story ain't just and OPEC story anymore. Take a look at the gasoline numbers over the past month for a true indication of the demand picture in the US. BTW the OSX issued a macd buy signal today. Imo most of the drop we saw recently below the 200 dma was BHI and tax selling related and overdone. I think a test of osx 85, at least, is in order for the next two weeks.