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To: ldo79 who wrote (73181)9/12/2000 4:55:39 PM
From: ldo79  Read Replies (1) | Respond to of 95453
 
I feel better already. Slick jawboned the country out of a crisis:

"U.S. Oil Off Peaks on Evidence of Saudi Output Push

By Matthew Robinson

NEW YORK, Sept 12 (Reuters) - Evidence that OPEC powerhouse Saudi Arabia is moving extra crude into world markets took around two percent out of soaring U.S. oil prices Tuesday morning."

"The Saudi push came after U.S. President Bill Clinton said the administration was keeping a watchful eye on how the oil market reacted to the cartel's output increase and considering options that available to tackle looming high energy prices this winter.

"We're watching very closely what the market will do on prices as a result of the recent OPEC initiative and we're also examining what other options we might have in the event we have a tough winter," Clinton told reporters.

OKAY all - time to rotate back to techs. All is right with the world.

Regards