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To: jan_vandermeer who wrote (18796)2/23/2003 3:20:41 PM
From: Frank Pembleton  Read Replies (1) | Respond to of 206118
 
jan... just going by the amount backwardation I certainly wouldn't be short -- supply is a real issue. Have you looked at December contracts for 2003? They're still sitting at $28 which would indicate that there isn't going to be much in the way of price competition from Venezuelan Brent that now trickling in.

Regards,
Frank P.