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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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To: Casaubon who wrote (59338)	9/24/2000 4:17:25 PM
From: Mike M	Read Replies (2) of 99985

It's easy for Clinton haters to point the finger at this as a simple political agenda but nary a word that Big Oil might be manipulating prices higher for fun and profit, not to mention them trying to buy the White House. The Cheney selection was quite overt no? I infer from your comments that you are accusing the Republicans of collusion with "big oil" to buy the election. My point was that, while capitalism may be a willing participant in the pricing of oil, I am doubtful that political intrigue has much of a part to play. Moreover, at these prices plenty of oil has reached the refineries. The bottleneck now lies with the refineries operating at virtual capacity. I doubt Clinton's decision has anything but psychological (if that) impact on the current crisis. If I inferred incorrectly, then please accept my humble apology. -Clinton hater

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