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To: The Jedi who wrote (33942)	1/24/1998 12:15:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Oil. Such may be the case, but what I have read is that "Particularly as refineries are shut for product recycling shifts...". So late winter storms do mean something. Hmmmmm..Also the US spends about 50 billion to maintain a force on standby in that area. Any escalation adds to oil expenditures as much as it does to labor I would think. In any event, I'm not saying the downside is finished. Just why would I want to play it in the futures? As far as the stocks are concerned, I agree they are cooked. I don't think they will turn around until June. Your proposal to short sudden oil spikes is one thing. Shorting Oil now is not a high percentage play; that's all I am saying.