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Politics : Foreign Affairs Discussion Group

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To: Win Smith who wrote (23597)	4/5/2002 12:32:10 PM
From: BigBull	Read Replies (2) of 281500

Oil prices are definitely carrying a "war premium" these days, and it is completely inconsistent with supplies. eia.doe.gov US Crude stocks are consistent with prices in the teens. The Russians are building up very large stocks by continuing at near full capacity but not shipping. Crude prices in Russia a few weeks ago were the equivalent of $4 bbl. Trust me, $30 oil will bring a whole lotta oil on the market. Khameinis plan to sell only to certain countries and only for a month is a real loser. We agree on a better energy policy, fwiw. Time for Hydrocarbon man to die a swift death. :o}

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