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To: GREENLAW4-7 who wrote (6388)2/1/2002 11:27:11 AM
From: jim_p  Respond to of 206223
 
Sometimes you just go to far to be able to back off, and US is getting there fast. I agree there is good chance we will be at war soon with Iraq or Iran, and oil will do well. Not sure the Saudi's will tolerate an escalation of the war with their Arab friends.

I feel the market is starting to factor that in also.

Jim



To: GREENLAW4-7 who wrote (6388)2/1/2002 12:02:31 PM
From: sportsman  Read Replies (2) | Respond to of 206223
 
Greenlaw,
I shorted some FTO this morning. I'm very surprised at the strength in the refiners with the crack spread so weak. Margins are very thin. I had traded FTO long from 12 to 17 a month or two ago.
Good luck,
Sportsman