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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: RocketMan who wrote (39674)	2/11/2000 8:18:00 AM
From: bearshark	Read Replies (1) of 99985

Here are the U. S. Government's public actions. home.doe.gov It appears they are still in the watch-it phase. However, they are using the SPR now by not putting oil in. The timing of the USG's chats with producers lead me to assume that they would be satisfied with a price between $25 and $30 for now. Over $30 would seem like time for a more frank discussion with producers. Over $35, the SPR will probably open. That would polarize producers and consumers and be an opening shot of an oil war. Just my speculation.

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