Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: James F. Hopkins who wrote (126305)	9/29/2001 1:22:37 PM
From: Mark Adams	Read Replies (1) of 436258

From jasmts.com (trial membership may be required) Wednesday. OPEC met today and faces an unusual task. The price of oil is dropping quickly, which in the past was met by cutting off supplies to increase the price. However as the world’s economies continue to weaken, any increase in price would slow economies even more. After the terrorist’s attack one would have expected the price of oil to explode on fears that the supply would be reduced. However the opposite has occurred, which is a clear indication that the demand around the world is weakening so fast that it now outweighs fears of shortage of supply. There is little doubt that someone, probably the terrorists, profited handsomely by purchasing large numbers of put contracts on airline stock on September 10th. The paper trail that usually is followed to determine the offender is quickly disappearing into the murky depths of banks in third world countries. However, we can only hope the terrorists planned to profit from an expected rise in crude and had purchased an equal number of calls in that commodity.

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