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To: ItsAllCyclical who wrote (61733)	3/7/2000 6:04:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

You have a good point. The numbers are MUCH higher than any analysts estimates BUT it gives credence to the position of Iran, Libya, and Algeria, and allows Saudi Arabia and Kuwait to adopt the position I believe they would prefer to take anyways: Small increase now, then see what happens. It SHOULD also shut up the loudmouthed politicians. Since the OPEC meeting is of much more concern than current stocks, I see this as potentially bullish for tomorrow. Hope I am wrong as I have a snotload of margin available again. I want a pullback so I can steal more EnP's.

To: ItsAllCyclical who wrote (61733)	3/7/2000 7:59:00 PM
From: JungleInvestor	Respond to of 95453

Jim, remember a couple of weeks ago when API showed a very large drawdown in crude, gas and distillates. The next day DOE figures showed a relatively minor drawdown. I wonder if there is any relationship here (i.e., some kind of catch-up for an API error). It will be interesting to see the DOE numbers tomorrow. Agree with you that this build may not be bearish since it gives the OPEC's argument of falling demand some credence. MRCI shows crude only down 25 cents in after hours trading, so the market is not so far taking a very bearish look at it.