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To: Alias Shrugged who wrote (5811)12/21/1997 12:57:00 PM
From: Nancy  Respond to of 95453
 
Mike,

The price of crude is the key. It dropped from 23.5 in Oct to undercut 18 now. Before this event, everyone is projecting it would be at average 19.50 - 21 range in the next year or two. 18 is an important psychological support. And of course the asian situation doesn't help.