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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

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Jan 23 4:00 PM EST

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To: Mike M who wrote (59339)	9/24/2000 4:48:59 PM
From: Casaubon	Read Replies (1) of 99985

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. I don't know but, it's easy for me to believe the release of the oil reserves was politically motivated just as big oil might have interest in exacerbating any ensuing oil crisis. I infer from your comments that you are accusing the Republicans of collusion with "big oil"* to buy the election.* I infer from your comment, you aren't. 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. I agree.

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