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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (9742)	3/22/2002 9:05:11 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Louis... I find it impossible to gage - is now a good entry point? Is GWB going to lead the war into Iraq as scheduled in the fall? Is Russia going to make up the slack in supply. Is the powershift of wealth from Riyadh to Moscow well underway? It's all so political, there's ample supply - lessening demand and my only real concern at the moment are the shipping lanes in the ME. I missed this last run in the patch, and I'll probably miss the next - because my natural entry point as always been a 5% GDP. Regards Frank P.