For Jerry Wilcox

[JBoa...@cox.net]

While I await my last straddle to come out of the oven "well done", I
think congratulations are in order for your pick of the oil sector so
long ago. The sector's "wait and see" attitude has finally been
decided..to move up.

The latest news yesterday from Saudi officials indicate a 2005 level of
between $40 to $50 per bbl..an average of $45 apparently their opinion
of global "level of pain".

As you know, want ads are sometimes used as an index of employment.
If a trader wanted to get an idea of whether or not a certain sector is
on the up-tick, a simple visit to the area's main newspaper would yield
that information. Since New Orleans is that main base for offshore
employment, I offer you the www.nola.com site as an unofficial index.

When you have the time, go there clicking the "Jobs" area. Next click
the "marine, offshore" and then "all positions". You'll find an
assortment of current jobs open..mostly in the service sector..from
cooks to captains. A few months ago, the listings were in the 15 to 20
range. Today they have more than doubled..an indication that local "oil
patch" hiring has recently picked up.

Is this intra-mis back slapping? Yep. But you were right then and
continue to be right now..you just had a head start and that's what
it's all about.

co jones

[Jerry L Wilcox]

Thanks Jboatcapt. Yes, I made big bucks in energy last year and am on track
to at least repeat this year. I am also weighting end service health care,
foreign, and chemicals. Some don't like the chemicals because they require
a lot of expensive energy. However, they seem to have somehow overcome
this - nice YTD profits.

--
Jerry

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