Piffer OT - And Other Assorted Nuts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jorj X Mckie who wrote (52916)	9/20/2000 1:26:26 PM
From: arno	Read Replies (1) of 63513

Not much really... The strategic reserves are a joke. Not enough there to do much good either in increasing supply or in time of war, for which they were originally intended. Pressuring the Saudis to increase OPEC production is the short term answer, but Richardson has begged several times and Clinton even begged Nigeria to rise production, so apparently that won't work. Another problem is refining capacity. I not sure of the figures, but I believe we're nearly maxed out on capacity. For better or worse, the domestic oil refining/exploration industry has been decimated by tougher environmental laws. Even if we could get the oil we don't have the ability to process and store it. I sometimes think this hike in prices is artificial and is speculative, but the fact is if everybody went out and filled up the tank in their car today, there would be no gas tomorrow. Not enough storage capacity. To me, whether Clinton can do anything is doubtful. He's a lame duck and our foreign policy with Albright is not a strong suit. It's all in the golden rule: "He who has the gold (oil) makes the rules"

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next