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To: Crimson Ghost who wrote (42553)	4/18/1999 8:47:00 PM
From: diana g	Read Replies (1) \| Respond to of 95453

Re:"... the difference between $18 brent and $21 brent probably is 25% or more on the OSX. ...">>> Hi Again George! On this I disagree with you. I don't think there should be much difference at all in the OSX caused by the difference between $18 and $21 Brent. It hadn't occurred to me that people are thinking that- <<'The higher the oil price, the higher the OSX'>> but I guess that follows from- <<'It's the price of oil, stupid!'.>> I keep forgetting I'm almost the only one who doesn't believe that. Production capacity might be an issue 2-3 years down the road, as you suggest, but I think demand would have to grow more rapidly than we can reasonably expect before it would overwhelm OPEC's (and other producers') ability to respond. All this just mho, of course. regards, diana