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Politics : Welcome to Slider's Dugout

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To: bullbud who wrote (9571)5/14/2008 5:51:21 AM
From: SliderOnTheBlack  Read Replies (2) of 50288
 
re: Crude Oil Top?

Time + Tape...

The first "time" element is Memorial Day, and the second
is the 4th of July.

We will soon see if "time" is as important an element, as is
price (the tape), in determining crude oil's ultimate top.

Congress addressing halting SPR purchases - against Bush's
protests (whodathunkthat?). The Saudi's still asking -
why put more oil onto the market, when it's speculation,
and Dollar weakness... and not a supply:demand issue?

And regarding the Saudi's - do you think that if Bush
really wanted the Saudi's to put more oil onto
the market, that they'd refuse, given the military aid
they receive from us?

What do the rest of you think?

SOTB
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