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

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To: Wyätt Gwyön who wrote (18011)	8/25/2004 12:43:46 PM
From: ild	Read Replies (2) of 110194

There is little speculation in oil futures and these idiots are talking about releasing SPR. As you noted Chinese would be happy to buy oil at below market price as long as US taxpayers pay the difference. Strategic Oil Reserves Are on Front Burner U.S., Other Nations Consider Options of Tapping Stocks Amid Tight Spare Capacity By JOHN J. FIALKA Staff Reporter of THE WALL STREET JOURNAL August 25, 2004; Page A4 WASHINGTON -- Officials in the U.S. and other industrialized nations are considering whether to dip into strategic reserves of 1.4 billion barrels of oil stockpiled to offset future supply disruptions and curb soaring prices, as the world's oil producers reach the limits of their ability to pump excess supplies. ... online.wsj.com

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