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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: diana g who wrote (132)	5/21/1999 10:15:00 AM
From: Aggie	Respond to of 350

Diana, good morning, I don't know whether this is an accurate representation of events or not - at the time I was sitting wells in Tunisia and not keeping up with the big picture. One thing that struck me as interesting when I read this the first time: Mr. Simmons seems ready to attach blame to MG for the 'false oil glut' - but if you read the article, it would seem that MG is really only guilty of a poor investment strategy. The man in black would appear to be the 'expert' who sensed vulnerability and took action, same as with the Hunts, with MG acting the part of the victim. Who is this guy, anyway? Regards, Aggie

To: diana g who wrote (132)	5/21/1999 12:57:00 PM
From: William JH	Read Replies (1) \| Respond to of 350

Diana and Aggie and all - here is a clip I retrieved from the Los Angeles Times archives, December 18, 1993: "Oil plunged anew, with futures for January diving 32 cents to $13.91 a barrel on the New York Mers - lowest since late 1988. Traders cited concerns the German conglomerate Metallgesellschaft will dump a hoard of oil futures on the market soon, following a botched trading episode in oil." Best Regards,