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To: Douglas V. Fant who wrote (24200)	6/16/1998 1:09:00 AM
From: Patrick J. Saunders	Respond to of 95453

Very nicely put. <EOM>

To: Douglas V. Fant who wrote (24200)	6/16/1998 3:25:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 95453

Doug, this says it all IMO: I personally think that production restraints are somewhat futile- the key to rising crude prices is the restoration of strong growth across Asia- which is coming. That economic growth will stimulate oil usage, since oil is the "lifeblood of capitalism".... And honestly we are in a worldwide "boom" of experimentation with free market economies... One caveat: it is precisely the kinds of regulations we have in banking and commerce plus open and transparent accounting practices that prevents the type of "crony capitalism" that was the cause of the collapse we witnessed in Asia. I again urge you all to read the article in the NY Times magazine section concerning the collapse of the Asian economies. TTFN, CTC