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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Hawkmoon who wrote (2789)	1/3/2001 4:30:00 PM
From: Henry Volquardsen	Read Replies (1) of 3536

Hi Ron, I've been away awhile so I didn't respond earlier. I guess the Greenspan voodoo doll I was working on did the trick ;) My one comment on what you said re OPEC is that I don't believe we are being held hostage to the whims of OPEC. We are being held hostage to our non existant energy policy and the fact that we have discouraged, if not outlawed, domestic exploration. In addition we have greatly hindered the development of new refineries and electric generating capacity. Opec got the whip hand in the 70s and early 80s because of the West's wrong headed energy policy. We got it out of their hands when we encouraged domestic exploration. They now have it back because of our own actions. Personally I think the government has been meddling more than enough. But then I'm a Libertarian so I always think the government has been meddling more than enough ;) Henry

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