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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: John Stichnoth who wrote (6378)	3/20/1999 12:41:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78507

This time demand has barely picked up, even though the price has fallen by half. Duh (no offense to you, John). And the Economist gives concern over global-warming, unseasonably warm weather as two plausible reasons. At least they mention the global economy, but to me this is the entire reason. Most of the undeveloped pseudo-industrial world has ceased to develop itself, giving little to no support to oil as it careens to new lows. To me, the article is incredibly alarmist, and may be something of a bottom-feeding signal in itself. After all, since they researched the article and got all these comments, oil is up to $15/barrel. With journalism, it's all about the angle. Mike