Market Commentary

----- Forwarded by Mark Taylor/HOU/ECT on 06/08/2000 01:44 PM -----

Daniel Diamond
06/07/2000 05:35 PM

To: Kal Shah/HOU/ECT@ECT, Michael Danielson/HOU/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON, Mark Taylor/HOU/ECT@ECT
cc:
Subject: Market Commentary

---------------------- Forwarded by Daniel Diamond/HOU/ECT on 06/07/2000
05:35 PM ---------------------------

Alan Engberg
06/06/2000 07:41 AM
To: Daniel Diamond/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT
Subject: Market Commentary

Dan, here's our first ever market commentary. I gather the information will
be very stale by the time eol v2 is up and running and that this will serve
primarily as a place holder in our web page.
From our perspective, we'd much prefer to have indenpendent "neutral" sources
(such as Platts, ICIS, CMAI ....) do the analysis, or at least do a feed.
The reason is (a) we'll never be construed as neutral and (b) we're so thin
that the traders themselves are the only ones who can put this together.

Thanks,
Alan