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Politics : Idea Of The Day

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To: GROUND ZERO™ who wrote (33598)	9/24/2000 8:52:02 AM
From: Logain Ablar	Read Replies (2) of 50167

Morning GZ: Well he only has 500 or so to play with but the incremental amount should help short term (provided OPEC doesn't squash it and I doubt Saudi & Kuawit will since they need our military, not only IRAQ but also IRAN). IMO this is a political move only for his last 3 months (this is more for Clinton & maybe Hiliary vs. Gore, Gore's speech was made the day b/4 the decision, don't be fooled in thinking Gore did this without knowing the Administration had already made up its mind) plus he doesn't want to see the truckers try what is being done in Europe (damn gasoline delivery problems are playing havoc with BT instalations which is keeping WSTL from moving up). Wouldn't look good in his final days. The average Mom & Pop in New England (and New York, remember Rudy was screaming for him to release the reserve last year with New Yorks heating oil price rising) won't care about long term consequences. They only know the current administration is trying to help. Right now I think this clinches it for Gore and strengthens Hiliary's hand in New York. It should temp. drive down the price. OPEC meets this week in Venezula & Venezula administration is not so favorable to US (remember within last two months Venezula went and visited with IRAQ). L/T price will always depend on supply / demand. The comments that its for the winter heating oil doesn't seem to make sense with our refinery issue. I did just have breakfast with someone who just paid over $1.4 for heating oil delivery (since I think (I use ng so I'm not sure) oil peaked around 1.1 to 1.2 last winter, a mild one in New England, this will be interesting). We need to be careful here. I don't have the experience to trade futures and focus more on the individaul stocks and you trade the futures. I don't want to say something that may be right for me and wrong for you and vise versa. Have to go. Have a good weekend. tim

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