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To: John Curtis who wrote (19720)5/15/2000 10:11:00 AM
From: Dennis V.  Respond to of 27311
 
OT John, thanks for the read. BTW, how do you feel about the Euro, NOW?



To: John Curtis who wrote (19720)5/15/2000 10:13:00 AM
From: P. Ramamoorthy  Respond to of 27311
 
John,
OT
Re.:"oil crisis"
Thanks for the link. I saw another industry-expert's report, predicting a crisis as early as this Fall. The refining sector is hurting really bad. Will send you the link when I find it. Ram



To: John Curtis who wrote (19720)5/15/2000 11:06:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 27311
 
John, I don't think that an oil crisis is imminent. The Saudi know that if crude stays above about $33 for too long, a gusher of alternatives become cost effective, including GTL and of course all those Canadian tar sand ( the Canadian tar sands are profitable to extract at $30/barrel and some say even less). They don't want these resources to be put on line to compete with their $2 or less cost crude, IMHO.

Zeev


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