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To: Thomas J Pittman who wrote (38789)	3/3/1999 1:27:00 PM
From: SargeK	Respond to of 95453

Turn around I mean, unless the exporting nations 'blink' crude prices are heading back toward historic norms. Signs of growing demand are popping up around the world. For example, just yesterday, India announced that imports of the raw product would surge this year and next while they increase their refining capacity this year by 79%. That from the second most populated nation on earth whose population in 25 years will match that of China, today. India is making great strides in boosting productivity, more families have money to spend.. consumerism sweeping the country. Another, China's economy forecasted to double in 8 years or so adding 10s of millions of new middle-class consumers...etc.etc S. Korea, again in growth mode, will be exporting auto's to the new middle classes. There will be continued volatility in commodities, especially crude; but, we are on the verge of a commodity price correction not seen in over 2 decades. Man, I could write a book about events sure to occur over the next decade.. The world economy will be expanding at an accelerating pace and it runs on CRUDE. It is unstoppable. NEAR TERM: The exporting nations could shoot themselves in the foot again; but, I just don't think they are that stupid. I can tell you more if you really want to hear it. But, that's enough for now. K