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To: Ken98 who wrote (26469)	10/10/2000 5:16:38 PM
From: Ken98	Respond to of 436258

<<11:07 MARKET EXPECTS API TO POST 1.2 TO 1.5 MLN BARREL RISE IN CRUDE-OIL SUPPLIES - BRIDGE NEWS 11:07 MARKET EXPECTS API TO POST 0.5 TO 0.9 MLN BARREL RISE IN DISTILLATE SUPPLIES - BRIDGE 11:07 MARKET EXPECTS API TO POST 0.4 TO 0.7 MLN BARREL DROP IN GASOLINE SUPPLIES - BRIDGE>>

To: Ken98 who wrote (26469)	10/10/2000 5:22:04 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 436258

ooops...bets on the next SPR release are hereby invited...-g-

To: Ken98 who wrote (26469)	10/10/2000 5:37:17 PM
From: BigBull	Read Replies (4) \| Respond to of 436258

Ken, I bet dollars to doughnuts most Americans don't know what those API numbers mean. The short and simple and accurate answer is - energy crises. Let me explain why: 1. OPEC has been pumping at near capacity for over 5 months now, and we are getting draws on crude? 2. We are in a brief period when crude and gasoline stocks build, not only are they not building - they are declining. 3. The US completely missed the normal heating oil build season and heating oil stocks are now some 50% below last years levels going into winter. 4. Combined stocks are some 20% below the five year average. Add it up.