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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: GREENLAW4-7 who wrote (48750)	9/9/2005 2:48:14 PM
From: russwinter	of 206223

I suppose for as long as they want to release SPR to refineries that can't use it, oil prices can be nicely capped. Doesn't mean the Joe and Martha Sixpack benefit though, nor does it solve the problem (end product), other than manipulating psychology. Also wonder how Europeans feel about subsidizing American SUVie lifestyles, and market distortion operations?: news.ft.com Frédéric Lasserre, the bank's chief oil analyst, said the emergency stocks of crude released covered 154 per cent of the lost production. The excess oil comes on top of commercial crude inventories in the US that are well above 2004 levels and the average over the past five years.

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