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To: jim_p who wrote (75680)	10/5/2000 2:34:24 PM
From: John Doyle	Respond to of 95453

Take a look at TX, great tape today. Looks like something is up!

To: jim_p who wrote (75680)	10/5/2000 2:41:31 PM
From: W PAUL	Respond to of 95453

The BBC Ceefax City News have had the following item on their service most of the day. It reads " Japanese firms are set to flood global markets with 6m barrels of heating oil in a move analysts said could drag surging crude oil prices to $25 /barrel. November Brent crude dropped 60 cents to $29.70/barrel its lowest since August 8th after the move by Japanese oil distributors. They were responding to a request from Trade Minister Takeo Hiranuma. He said he had decided to act to prevent high oil prices destabilising the world economy" As I say this has been on our screens most of the day. Have I missed this or is this new news ? Wyatt

To: jim_p who wrote (75680)	10/5/2000 2:42:57 PM
From: Winkman777	Respond to of 95453

<<I'm still buying>> Me too. Essentially buying back many of the shares bought previously on 9/25 (last little bottom) and sold 2 to 3 days later. I don't think it matters too much who is elected. The fundamentals of supply/demand will determine prices. A little fear today => a buying op (I hope). Take care all. Winkman EDIT<<" Japanese firms are set to flood global markets with 6m barrels of heating oil in a move analysts said could drag surging crude oil prices to $25 /barrel.>> If this is the case, it sounds like a political deal with Clinton. Like him or not, he is one hell of a good politician. Like our SPR release and refill with more, this action will just shift demand downstream. It will probably depresss HO now, but like with crude, reduce backwardation (sp).