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bbotcs

06/27/05 8:50 PM

#14915 RE: MSGI #14912

MSGI:

I'm holding onto my VPHM too. I'll keep my VM O&G plays of course--EGY, TGA, CHAR, CPE, etc..

I really cannot see this market holding its own if this oil thing continues. It is going to hurt China too. It takes energy to run those factories. I haven't overloaded on China plays thankfully.

You know the Japanese saw this coming. They hatched their plan to convert their entire fleet to hybrids a long time ago. I think that they expect to be making all hybrids within 4 or 5 years.

When gasoline is $3 a gallon, nobody in their right mind will want to buy a vehicle that gets 20 mpg. If you check the mileage of the new cars in "Consumers' Reports" you'll discover that most new cars, trucks, suv's still are gas hogs.

bbotcs