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To: edamo who wrote (95829)	4/18/2001 2:38:04 PM
From: Andrew G.	Read Replies (1) \| Respond to of 436258

I have no doubt that OPEC will raise crude prices this summer. So what's your point ? I see energy prices in general continuing upwards. What affect did it have on over all inflation or the persistence of inflation to date ? Zippo !

To: edamo who wrote (95829)	4/18/2001 2:53:11 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<demand has yet to outstrip crude supply, just a supposed limitation on refining capacity....most of the well heads have been turned off in the south china sea since 1998.... and much of the asean refining capacity is idle....>> Yes, but there's also a limitation on worldwide tanker capacity...those can't be built in less than 2 years, and 2 or 3 more VLCC's cracked up during the last year. What good is refining capacity in Asia to the U.S. if they have no way of getting product here. The energy crisis is just starting...if we don't have a recession yet, it will put us in one by the 4th quarter, and rate cuts only make the energy problem worse.