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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: SE who wrote (6359)9/21/2000 9:01:55 AM
From: Patrick Slevin   of 7434
 
Yup. 20 mph top end or something like that. Plus the concept of buying a bigger car because of the family goes out the window.

For the normal distances I drive it would be okay, but during wintertime there would still be a requirement for a car.

Anyway it's not me, so much, that anticipates having a problem with petroleum pricing.....with the exception of heating my home. On any given day my commute might be less than ten minutes each way. My wife does not travel far and the two older kids drive to school together, about 4 miles each way.

But consider this. In the late 1970s many trucking companies went out of business because they did not hedge themselves by purchasing crude futures. Other people who drive for a living will be impacted; people like small business owners who travel to see clients. Even Mass Transit will have to raise prices and you know how hard it is to reduce prices once they increase them.

Eh, it won't be fun this winter.
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