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To: The Ox who wrote (7718)3/10/1999 9:53:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
Mike,

Maybe it's me but I can't get excited about this oil party just yet. Maybe I've down so long and had so many false starts back up that this appears to be just one of them. I may just "spot" trade them, but I think they are being let out for good behavior but...... back to the dungeon they will go.

I don't see demand increasing, and don't have confidence that the zillionth time OPEC tries to manipulate their production to match the market demand will be fruitful. Sure, they are trying to get non-OPEC producers to comply, but the world still awash in oil and many developing countries still desparately need revenue and oil is it.

On a brighter subject.........I am also letting TXCC ride.