Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: michael97123 who wrote (392516)	6/19/2008 4:45:15 PM
From: tejek	Read Replies (1) of 1576167

I am seeing where there are world wide demonstrations against high oil going on today and china increase prices on oil to reduce consumption. Perhaps this would be the appropriate time for the US to release some of the strategic reserve and say this is being done for the benefit of the world economic system, not just US consumers. Oil is down $3 on china news, perhaps such a release could break the back of the speculators. One of the problems is that some emerging countries like China still artficially control the price of oil in their country. China increasing its prices today is the best news I've heard in a long time. A number of oil stocks corrected today. However, the relief will only be short term. Demand for oil is growing every day as more countries upgrade economically.

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