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Norman and M. Simms: I agree that $12
crude alone does not mean depression... cycle
wise
though, I think we are heading into a
depression.... so for me you are both right.....<FONT
face=Wingdings size=5>J
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Norman
Winski
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, November 17, 2001 2:44
PM
Subject: Re: [RT] January Crude Oil
Targets
M Simms,
I disagree that $12 crude necessarily
equates to a depression. A look back at the past decade will reveal that crude
prices have lagged the economy. Apparently the oil producers are not too swift
in adjusting to current conditions. You may remember just about $3 years ago,
crude prices got to $11 and we weren't in a depression. In fact for part of
the period friom 1998 - 2000 the economy was doing well and the stock market
was rocketing with relatively low crude prices for most of that time..
Last year, when the economy was tetering and the stock market was
imploding, our OPEC "friends" kept the lid on production to keep prices higher
to help assure everyone of having a recession. Recently,
with our new friends like Russia, the whole oil picture has changed which
could mean oils prices could go much lower while the economy is in the process
of improving. Remember that these bozos are making decisions about oil
production based on economic data that is probably six months
old. Anyway, I would want to go long crude at $12 and put it away
for the grandchildren. <G>
Cheers,
Norman
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
M.
Simms
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, November 17, 2001 1:30
PM
Subject: RE: [RT] January Crude Oil
Targets
<SPAN
class=490252718-17112001>The $12 crude scenario would indicate we are in a
depression.
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<FONT face="Times New Roman"
size=2>-----Original Message-----From: Dorothy K. Carter
[mailto:dorothy.carter@xxxxxxxx]Sent: Saturday, November 17,
2001 12:25 AMTo: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject:
[RT] January Crude Oil Targets
Jan Crude target <FONT
color=#ff0000>16.35 and if that does not hold then it has
a shot a stretch
target of <FONT
color=#ff0000>12.32To
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