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To: Larry S. who wrote (34075)	10/30/2001 1:04:10 AM
From: Larry S.	Read Replies (1) \| Respond to of 53068

snippet on energy prices: - "Heating-oil prices are likely to be lower this winter as well. Refiners have been able to make more heating oil and diesel by shifting jet fuel production. The air-travel slowdown has cut jet-fuel demand by 10% compared with last year. Retail heating oil averaged $1.23 a gallon in October, down 17% from $1.49 in October 2000. To a lesser extent, the drop in jet fuel also is keeping gasoline supplies fat. While most of the lost yield of jet fuel is going to heating oil and diesel, some of it is ending up as gasoline. The wild card is the Organization of Petroleum Exporting Countries. The oil cartel, concerned about evaporating revenue, is leaning toward cutting production at its meeting next month to try to prop up prices. But so far, efforts to persuade non-OPEC members to follow OPEC's lead have largely failed, as Russia and Angola continue to raise their output and grab some of the cartel's market share.