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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (54172)	6/14/2000 11:22:00 PM
From: American Spirit	Read Replies (2) of 99985

We saved Saudi Arabia and Kuwait's butts militarily. We can apply diplomatic pressure. We can also release strategic reserves. We can also lower gas taxes. We can allow Iraq to sell more. Clinton has all of these options. All come with a price. But this is no huge crisis. Just a few of these moves even if they're minimal gestures can stop the oil price rise speculation going on. There is no big gas shortage. It's mainly gouging and oil futures hysteria. But Clinton will do something for the battleground states as Gore needs to win a few of those. ironically out here in LA gas is pretty cheap. Just filled up for 1.59 a gallon. Lower than two months ago by 20 cents. Something stinks in the midwest especially. When the politicians moved on the gas sellers two months ago here in California the prices came down pretty quickly. This can also be done in the midwest and I'm sure is being done. I wouldn't bet on oil going any higher from here. Risky bet.

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