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To: RFF who wrote (13057)	6/15/1998 7:52:00 PM
From: Wolf 2	Read Replies (1) \| Respond to of 25814

RFF: *OT* I kind believe that $11 oil can last long though.. I assume that you meant to say: "...can't..." in which case I agree with you. I happen to share the view of those who believe $11 to be a 'distress' price which is unsustainable. OPEC meets June 24 and, I believe, this will be a doozie meeting at which the Saudis will probably threaten to turn the taps on to max and keep them on till the price drops to an even more ridiculous level and pushes everybody, including the quota cheaters, to the brink of the abyss. As it now stands, I can't believe that many producers aren't pumping at below the cost of production. Maybe I'll buy some huge oil tanks and wait for oil to hit $5 I think you're a bit late...they're already backordered from here to eternity!<g> One day soon, the 'glut' will disappear because El Ni¤o will have said ta-ta, Winter will actually return, Asians will continue to heat their homes and drive their gasoline-powered vehicles and so on and so on...then it'll be time to short the Airline stocks... Regards, Wolf