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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (5072)	11/15/2001 11:21:58 PM
From: Selectric II	Read Replies (1) \| Respond to of 33421

Bingo! I think you're very close, if not right on target. Isn't competition a great thing? BTW, we ought to do something to help Venezuela, while we're at it.

To: Hawkmoon who wrote (5072)	11/16/2001 9:43:23 AM
From: John Pitera	Respond to of 33421

Bush and Putin are getting along very well, and no doubt that's helping to keep the Russians from following OPEC's marching orders. Russia has in the past agreed to production cuts but then not enacted them. Russia's energy production is more privatized than the mid east countries and hence the govt, is not as controlling as Saudi Arabia might be. What is interesting is that with the USDollar and Crude having a pretty good correlation, lower crude prices, which are denominated in dollars when bought and sold globally. Means less demand for USDollar balances. So if we do see another leg down in the USDollar index, that would make sense from the crude correlation perspective. John