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To: IngotWeTrust who wrote (8700)	3/22/1998 9:16:00 PM
From: Lalit Jain	Respond to of 116761

Ole 49r, You are right. A 2M bbls of reduction in oil production doesn't mean anything. Producers will eventually pump as much oil as they can. But at least for a little while there maybe some discipline. Price of oil will not skyrocket, but IMO, will return to about the $18-$20 range, which I think is beneficial in the long range ;-) Cheers, Lalit Jain

To: IngotWeTrust who wrote (8700)	3/23/1998 12:31:00 AM
From: PaulM	Respond to of 116761

Japan PM: Public Stock Buying Not "Market Manipulation" If you can gauge the severity of an economic crisis by the progressive silliness of statements intended to build confidence, then Japan must be headed for something worse than 1929. biz.yahoo.com