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

To: Roebear who wrote (18288)	9/4/2002 5:24:59 PM
From: Frank Pembleton	Respond to of 36161

Roebear... I don't know... yet, lots of conflicting data out there. A headline from WSJ: *U.S. AUTO MAKERS POSTED double-digit sales increases in August as cheap financing and other discounts continued to lure consumers. GM boosted its earnings outlook and production forecast.* ...I think we'll have another go with base-metals once we get past this month. The Europeans are back to work, auto sales are edging up and I don't see a housing bust anytime soon. So what do you say? Increased steel production implies increased energy use? I might be wearing horns here shortly... Regards, Frank P.