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Politics : Idea Of The Day
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To: Chip McVickar who wrote (33012)9/13/2000 8:34:40 AM
From: Logain Ablar  Read Replies (2) of 50167
 
Hi Chip:

With the price of crude oil one factor to consider it the strategic reserve. I would expect the current administration to now look at this. They have OPEC producing near current capacity and a release of 200,000 barrels a day would not be out of the question to help send the current administration out on a high note.

While just speculation at this point the odds are increasing.

Also expect liquidity issues this week. Estimated tax payments are this Friday. New week the gov't will be flush with funds for buybacks to add liquidity back.

Tim
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