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To: marc chatman who wrote (27961)	8/19/1998 12:40:00 AM
From: upanddown	Read Replies (1) \| Respond to of 95453

Marc...got this out of WSJ. Hard to find the API nos on Tuesday. Nice drop in gas stocks.... API: U.S. Crude Oil Stocks Dn 1.069 Mln Bbl In Week Week Ended Week Ended Week Ended Aug 14 98 Aug 7 98 Aug 15 97 U.S. inventories in millions of barrels: Motor Gasoline Stks 209.783 215.351 187.792 Distillate Fuel Stks 147.217 144.358 123.205 U.S. Crude Oil Stks 343.667 344.736 316.169 Residual Fuel Stks 38.087 38.512 36.835 Refinery Operating Rate 98.5 97.8 98.4 John

To: marc chatman who wrote (27961)	8/19/1998 1:36:00 AM
From: Fredman	Respond to of 95453

yeah, we already know the plot, now how do they get there ?? DO they get there ???

To: marc chatman who wrote (27961)	8/19/1998 7:45:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Mexico-Venezuela & Saudi Arabia....just remember - The Saudi Oil Ministers warning ( threat ) that if he continued to see what he thought were ''artifically'' depressed crude oil prices being manipulated by market traders; that ''he'' would have an unannounced ''special surprise'' for them... He alluded to dramatic unannounced cuts that would catch the ''market'' by suprise - a ''short squeeze'' of substantial magnitude. I would guess that perhaps this meeting is to convince Mexico & Venezuela that the reason that crude hasn't recovered at all; is due to continued trader manipulation and he may try to convince them to join in his ''unannounced - secret'' pact. Perhaps they will do something dramatic like achieving their proposed cuts by just turning off production totally (or as close to a total shut off as possible) - for a short time instead of achieving cuts over a 3-6 month period of slow reductions. They have their backs to the wall ... this is make or break time for OPEC - they will never again have any market influence if they do not deliver. Their pleadings as to this NOT being about further cuts; just doesn't make any sense...