Woodside, page-152

Lots of issues around atm and energy is highly affected by sentiment. Chinese imports/exports suggest China is slowing, how much though is hard to say. Will that be offset by the rest of asia and the sub-continent? Sentiment is swinging wildly from recession in the US to no recession back to recession. Last weeks big declines in oil in large part due to US treasury saying won't need to issue as many bonds as anticipated after next quarter. Is that just a ploy to provide respite...who knows? Also this week EIA inventories didn't report due to maintenance. That is very annoying as would have been a key week to see how things are playing out. My guess for what it is worth oil has bottomed at 75 and is back up from here. Today was possibly the day to buy...Might be some selling at open on Monday but WDS at 32 is very very interesting.