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To: ItsAllCyclical who wrote (62128)	3/14/2000 4:45:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

API's berry berry good... API out by: JoeDi123 3/14/00 4:33 pm Msg: 12703 of 12703 Crude down 3.561 million Gas down 2.045 million Refinery operate 89.2% vs. 87.9 Heat down 2.336 million More in a minute

To: ItsAllCyclical who wrote (62128)	3/14/2000 4:45:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

API - Crude down 3.561 million, Gas down 2.045 million, Refinery operate 89.2% vs. 87.9, Heat down 2.336 million Per Joe Di of course Looks pretty good.

To: ItsAllCyclical who wrote (62128)	3/14/2000 8:55:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

JimL - Kudlow Verrrrry interesting article there. Thanks for posting it. A big shift in rhetoric here. Has the Republican party found their most potent weapon against Clinton yet? Alan Abelson is using the same kinds of language in his latest Barron's editorial. America gets what America wants. But which America wants what? One of my openly partisan Democrat co-workers wants a millitary solution to OPEC. That means to me, his compadres are starting to sweat bullets. Republicans are now slamming the "Gore Tax", quite effectively, I might add. Maybe Doggus Maximus got this one right, too. Reagan swept into office after the OPEC oil embargo. Getting curiouser and curiouser.

To: ItsAllCyclical who wrote (62128)	3/14/2000 9:17:00 PM
From: chowder	Respond to of 95453

Hi Jim L! Thanks for the informative post from CNBC. This upcoming OPEC meeting is truly going to affect the way we invest in the near term. World economies are at stake. It is interesting how the country that can "afford" the higher gasoline prices the most, (the US), is the one that is griping the loudest. With this upcoming OPEC meeting, OPEC not only has to consider oil prices and production numbers, they also have to consider what impact this decision will have on their "power" as a cartel. Their decision will determine if they stick together as a unit, or will the cheating and breakup of the cartel materialize. If OPEC increases production too much, prices spiral downward and I don't believe it's as simple as cutting back production again. The "politics" of the situation won't allow it. Think about it a moment! A little over a year ago the price of oil was around $10 per barrel. OPEC knew they had to cut back production in order to get the inflated inventories under control. The OPEC countries, along with Mexico and Norway "agonized" over a measly 7% cut in production. The deal almost never came to fruition. OPEC found it very, very difficult to take a small, minuscule cut in production, even though they knew it would cause the price of oil to double, never mind triple. And now we expect them to make a snap decision to increase production in hopes of "managing" the price of oil. Ha, the politics involved is making this very difficult and very interesting. The US may have over-played their role in their attempt to get OPEC to increase oil production. These Middle-east countries don't like taking orders from a superpower. It shows disrespect to their positions of power within the world of politics. I think Richardson should have worked behind the scenes. He would have been more productive, in my opinion. Clinton has asked for a 2.5 million barrel increase. OPEC has floated the balloon of 1.5 million. Now, what about the 1 million barrels that are already being produced, over and above the established quotas? Should they be included in the equation? Maybe the US and OPEC are trying to appease both sides. The US gets their 2.5 million barrels which includes the cheating being done, and OPEC gets the respect they crave by standing up to the US and officially announcing just a 1.5 million barrel increase. Regardless of what happens, I believe the only thing we can absolutely, positively be sure about, is there will be more volatility in the price of oil. Ya gotta love it! dabum