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To: Archie Meeties who wrote (59398)1/30/2000 11:05:00 PM
From: Webster Groves  Respond to of 95453
 
Maybe the SPR plan its not so stupid, after all.

The oil will be "loaned" out and repaid within 12 months with more oil. The obvious effect, if logic prevailed, would be to depress short term futures and support the long term price of oil. That would have to be good for OSX stocks, but of course only if logic prevailed....and only if the spread benefits oil speculators who will buy a long contract 12 months out.

-wg