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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: Alex who wrote (28001)	2/11/1999 8:42:00 PM
From: PaulM	Read Replies (2) of 116753

U.S. to Buy 28 Million Barrels for Strategic Oil Reserve biz.yahoo.com Anyone who thinks the U.S. wants a lower oil price isn't looking at the facts. This is the same U.S. that has kept Iraqi oil off the market for 7 years and now supports prices though military operations in the ME and outright buying. If prices continue at current levels, few producers outside the ME will survive. For their part, the ME producers are deliberately flooding the world with oil for political reasons. And not so much the econmic necessity which would seem to justify their actions.

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