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

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To: michaelrunge who wrote (24485)	1/12/2005 1:40:19 PM
From: russwinter	Read Replies (2) of 110194

This is completely consistent with the enormous collapse in tanker rates from $11 bb to $3 in the last six weeks. see page 5: raymondjamesecm.com Middle Eastern producers simply don't plan to engage in emergency shipments going forward, trying to normalize the market (at $45-$50?). I suspect production problems as well, they've been using water injection (like eating your young). Meanwhile Iraqi production sputtering: Message 20941330

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