SI
SI
discoversearch

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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: patron_anejo_por_favor who wrote (21042)9/22/2000 6:13:53 PM
From: Archie Meeties  Read Replies (2) of 436258
 
We rally into the election. Bush is TOAST.

In retrospect, the market was broadcasting all day that it knew oil would be released. This new oil will moderate the prices of HO and gasoline for the next few months - Europe has spare refinery capacity and so does Asia. Oil that is not imported here will be refined there, and the pressure on the tanker market will also ease because of several reasons; refined products need less tanker space, and the distance between the source of crude and the refinery will be reduced.

In short, inflation will retreat and the bull will advance. OPEC will stand idly by for the time being - perhaps after the election things will change.

We might go down a bit more next week, but 30 million barrels changes everything. I wait. Eventually the SPR will be seen as half empty.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News