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To: pater tenebrarum who wrote (72599)2/27/2001 6:13:26 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<say, wasn't there a big draw in crude last week? i read 12m. bbl. somewhere...is this true?>>

Not quite that big, around 6-7bbls if I recall correctly. Still sizeable though. DOE got a somewhat smaller draw down, around 3-4 billion, and it appeared that most of that was from the western PADD....thought to be a less reliable indicator because that tends to be a shipping hub.

That said, I'm becoming a bit more bearish on energy due to the rather consistent softness of the US and Asian economies now....OPEC will be hard pressed to cut fast enough to keep prices steady, IMO. You can almost feel the bubble implosion pulling prices into its collapsing vortex!<G>