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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (266)	2/25/2001 11:30:54 AM
From: kollmhn	Read Replies (3) \| Respond to of 23153

excardog and jim p- Am I being naive to think that falling demand is of minor concern AS LONG AS OPEC REDUCES PRODUCTION ACCORDINGLY? I find it hard to believe that OPEC has turned stupid and will allow a 5-10% reduction of demand to go unmet on the production side. Clearly, maintaining $25 oil is the important thing for them and $25 oil is something the world can and will adjust to. Maybe the average guy will reduce expenditures elsewhere but we all NEED damn near all the energy we consume. It is on that presumption that I continue to feel very comfortable being long selected OSX and E&Ps.

To: excardog who wrote (266)	2/25/2001 11:48:47 AM
From: jim_p	Respond to of 23153

excardog, In hind site, I probably should have held off on tech. My not big on shorting oil, since events could happen that would change to outlook over night. Excellent post on the outlook for oil prices. I agree 100% with the short term outlook as many of the fund managers who play this sector also do. The result is uncertainty, which is never good. Short term, there are few bright spots on the horizon, but a lot of things that could further develop to the down side. Despite the fact that NG is the driving force in cash flow for the majority of the domestic producers, the market watches the price of oil more than NG. Jim