John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (5067)	11/15/2001 11:02:55 PM
From: Hawkmoon	Read Replies (2) of 33421

Mexico surpassed Saudi Arabia as the largest oil supplier to the U.S. market in September, Call me conspiratorial here John... But I'm wondering if Russia's embarked on a deliberate strategy of taking on OPEC, arrived at through cooperation between Bush and Putin. Create a price war in oil.. stimulate economic growth through lower energy prices, and in exchange the US will increasingly purchase Russian oil, sending US hard currency THERE, rather than to the Saudis. And since Bush has announced that the US would seek to increase the amount of oil held in the SPR, there may be some deal being worked with both Russia and Mexico, to support their local oil exports, by purchasing more than we need. To many US dollars have found their way into the hands of the Saudis, who were provided financial support for the Taliban and their religious schools where young kids are brainwashed with fundamentalist Islamic beliefs. Bush and Cheney may have finally come to the realization that the ruling family in SA is a liability and its necessary to weaken their financial wherewithal. Hawk

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