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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (54829)	6/21/2000 12:48:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 99985

heinz,just out: looks like OPEC will raise production by ~ 400,000 barrels only. This according to reports from oil-ministers leaving the meeting. This is far less than the 500,000-1,000,000 hoped for. Most importantly, it will not significantly lower prices which may actually go up, because: -oil refineries are working at full capacity already. -it means that they will have to postpone their normal pre winter retooling tp produce natural gas for winter. -that means there will be a shortage, higher prices, for winter energy. Just no let up in energy prices.......... Now it is time for BLS to go fishing and find the proverbial dip in oil prices to sample. BTW, what bait does BLS use? Do they fish at night under a flash light? :-) TA PS: now that the worst is behind us, time to take the Naz back up to 4500-?5000 ?