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Gold/Mining/Energy : Oil & Gas Price Economics
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To: excardog who wrote (291)9/24/2000 12:25:10 AM
From: rajaggs  Read Replies (1) of 350
 
30 days isn't much time for real benefit, unless Clinton/Gore are intending to recycle the same 30 million barrels. They will need that oil going into the heating oil refineries by middle of next month, or there may be shortages in an early cold snap.
If it has to be fully replaced before March 2001 then there will be further increases in crude pricing, unless the winter is exceptionally mild.

I see one forecaster saying that all the release of SPR will do price-wise, is to drop the price of crude by $1-$2/barrel.

'jaggs
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