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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (14230)5/21/2004 11:04:32 AM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
"not much OPEC can do about high oil prices, since world demand is rising
speculation, MidEast violence, and refinery constraints are beyond our control"


think about the dog that did not bark--i.e., what are they NOT talking about? because their most significant statement is one of omission.

the hint is "beyond our control"....

what they are not talking about is their inability to raise supply at will to absorb these demand factors.

in point of fact, if OPEC had sufficient capacity all of the above-listed demand factors would be within their control. so the catalogue raisonee of reasons the dog ate their homework is all just so much noise...

once OPEC no longer has swing capacity, it's game over. there's no such thing as "fiat oil".
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