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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (22595)	8/10/1999 12:12:00 PM
From: j g cordes	Read Replies (1) \| Respond to of 99985

This is only a woo wooo speculation and one I won't normally indulge in.. Oil is a well maintained commodity, has established exploration, delivery, storage, etc.. it has well established power brokers internationally that maintain a cooperative interest with major international political interests. Its coincidental that when low oil prices would most hurt Iraq and help mount/finance an oil expensive military campaign against him, the price of oil dropped to its lows. Was it really a few renegade little oil producers selling low on world markets or was there an understanding to let cheap Saudi oil finance the erasing of their and our political threat... (may as well throw Russian oil revenues in that basket). The nice thing is that this low priced oil was cheap for the US taxpayer and looked ok on our government budget compared to waging war with oil at 19-20 a barrel. Now that the war is over its allowed to raise the price, let the consumer pay for it directly, and pay back the temporary loss situation strategized for political/military ends. As I mentioned at the outset.. just a coincidence and speculation.