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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3344)	8/1/2003 12:28:14 AM
From: Eva	Respond to of 4907

Hi LLCF :) Your welcome Ah yes CFC, Date: Thu Jul 31 2003 14:39 trotsky (CFC) ID#377387: Countrywide mortgage shark...ka-splat. Cheers Eva

To: LLCF who wrote (3344)	8/1/2003 8:58:08 AM
From: Box-By-The-Riviera™	Respond to of 4907

China Review: Update Message 19168362

To: LLCF who wrote (3344)	8/1/2003 12:31:34 PM
From: Eva	Read Replies (1) \| Respond to of 4907

......and here we go: Date: Fri Aug 01 2003 12:21 trotsky (P.Yorkie, 10:50) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved you are of course right that oil prices are really not all that high in real terms. but that imo mostly indicates that they can easily go a LOT higher. also, during the 90's, the US economy got used to extremely low prices, and at the lows ( around $12/bbl. in '98 ) the general expectation was that an alleged 'glut' of oil would take prices to $5 ( there's a now famous Economist title story containing that prediction that appeared in the very week the low was put in ) . so you have industry woefully unprepared for these higher prices ( note that after Iraq, prices were once again widely expected to fall ) , and with no-one expecting even higher prices, i'm reasonably confident that that's exactly what we're going to get. my medium term target for crude is $45/bbl., and longer term i'm looking for $60.