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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (6357)	9/21/2000 5:18:20 AM
From: Patrick Slevin	Respond to of 7434

The trouble here, unlike the late 70s, is ethanol and other alternative fuels are difficult to find. (At the moment, anyway.) Even then, when some gas stations provided fuel which had a mixture of gasoline and a product of a grain the cost was not much less than regular gasoline. With Natural Gas one would not be able to travel very far unless it was possible to stop and refill. Still it's an idea. As petroleum becomes prohibitively expensive more and more sources of alternative energies and more varied methods of transportation will crop up. My problem, aside from fuel availability, is that I doubt that OPEC will be able to sustain the pricing. I tend to think CL will slowly work it's way back to the low 20s per barrel. I do not know the Futures Market in Crude that well, so it seems odd perhaps only to me, but the future months are in backwardation. That is, although the October Contract is trading around $37 the November is trading around 35. Then as well it is always hard to call tops but looking at a continuous contract of CL it appears this run from 1999 is matched (while not in price) in patterns going back to the early 1980s and has always worked it's way back down generally for periods of years. One interesting peak was in August of 1987 just as the stock market peaked before the October drop. After the DJIA regained it's footing it moved up again into late 1990 and then dropped into 1994. Generally speaking though, items like the Ford should get a lot of press as the coming months get difficult. As long as they do not come with Firestone tires, anyway. On the other subject those monks are astounding. That's about all I can say without getting vitriolic about it. Thanks for your concern. I'm optimistic that once I get out of this operation later today the worst will be over. Perhaps that may be because I loathe wasting time in hospitals and so I just wish to get this over with. I'd like for the surgeon to save me some gallstones so I can take up the childhood game of marbles once again.