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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (34102)11/6/2000 12:47:11 PM
From: Archie Meeties  Read Replies (1) of 436258
 
My hunch is that if shrub takes it, the Saudi's will open the taps wide open and oil will fall. But before then we'll get a hay making political event, such as a Bush trip to the Middle East. The joker in the pack is sa-dem, of course. But the SPR can outlast him, regardless.

Of course I'm assuming that the Saudi's actually do have a few million barrels of excess capacity - who knows if that's true. But if it is, it will be tough to see any reason why the fed shouldn't cut rates.
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