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To: upanddown who wrote (44432)	5/10/1999 3:57:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

John, The last sentence in your post, is what surprises me. As Doug has said the Asian demand revisions are more on the order of confirmation of what many on the thread had expected. The big big surprise is the increase in demand from Germany. Germany is still one of the worst performing economies in continental Europe. When they start to really recover due to the most recent interest rate drops, watch out. This is news, imo.

To: upanddown who wrote (44432)	5/10/1999 7:10:00 PM
From: JungleInvestor	Read Replies (1) \| Respond to of 95453

John, remember the old saw "the trend is your friend?" Well the trend here is a series of EIA upward revisions to demand and downward supply revisions that will continue throughout this year. They base their prognostications on past history. There were a lot of historical firsts during the $10 oil period that have ramifications that the EIA surely has not built into its models yet (e.g., low rig count, number of shut-ins, extent of capex cuts, size of OPEC cuts, huge size of mystery barrels in inventory, number of global interest rate cuts, size of IMF bailouts, acceleration of demand in Asia, etc., etc.)