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To: Platter who wrote (32781)	12/12/1998 1:43:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Platter: I don't think we will see major cuts until some of the big non-OPEC producers agree to go along. This price collapse should get their undivided attention. In retrospect this price smash may not be such a bad thing to the extent that it forces decisive action soon. If prices had remained around $12-13, the day of reckoning could have been postponed for some time. But not at $11 light sweet crude.

To: Platter who wrote (32781)	12/12/1998 3:18:00 PM
From: FUZFO	Respond to of 95453

Platter, this is the news we have been waiting for. so often at the bottom of a market we are blinded by all the doom and gloom, last week every paper and news was negative, Libya and Algeria are about to have social unrest, the US for its own reasons does not want Islamic Fundamentalists to get stronger in Africa/ME. I suspect we will see more news next week about some sort of emergency OPEC meetings being planned, no big price increases for a while, but I'm buying at these levels as I believe oil is at an inflection point. jmofwiw Fuzfo