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To: John Pitera who wrote (85392)	2/8/2001 3:50:14 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

John, indeed...that one was a great idea. if you recall, i mentioned that the coming crude shortage due to Iraqi export disruption during December which effectively removed 57 million barrels from world markets would lead to higher oil prices...that too has come to pass, and i believe there is still more room for the energy complex to move higher. refinery margins remain very high, as the relative underperformance of heating oil has been balanced by the outperformance of unleaded gas, which has had a magnificent run: tfc-charts.w2d.com now HO is on the rise too, with colder weather predicted to begin next week. gold unfortunately is still under pressure, however i see no reason yet to change my stance there. perhaps it will double-bottom with the '99 low as bottom nr. 1.