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To: pater tenebrarum who wrote (17731)	9/12/2000 5:24:45 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

100% chance Bubba draws on the "Strategic" Petroleum Reserve (I guess the "strategy" to be cited is to help algore win the election). The Saudi's have already warned that any draw on the SPR will be met by reduced production on their part. Agree that the distillate build is far too little, far too late. Look for Anglo-French style trucker strikes here in the good ole U.S. (those trucker dudes have insufficient incentive to work for nothing, given that they don't get any stock options and all!!) The gas draw is (somewhat) expected this time of year due to the change in the refining mix. However, 6 billion barrels is FAR above what anyone projected. Look for UG futures to take a nice trip skyward tomorrow.... All of the debacle to come was preventable, and I lay the blame for it on Clinton, Greenspan, and the U.S. consumer.

To: pater tenebrarum who wrote (17731)	9/12/2000 5:30:02 PM
From: Ken98	Read Replies (1) \| Respond to of 436258

Heinz, an SPR draw is guaranteeeeed. And I agree that in hindsight it will be viewed as a dumb decision - but that will have no bearing on the decision to release a big wad of SPR oil. This is purely a political decision having NOTHING to do with the best interests of the country. It's all about showing the soccer-moms how much Clinton/Gore "care". All they have to do is win the election, what happens in January is irrelevant. If they win and the situation gets worse they blame "big oil." If they lose and the situation gets worse, so what - it's someone else's problem then. Heads I win, tails you loose...

To: pater tenebrarum who wrote (17731)	9/12/2000 5:56:41 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Heinz,the preferred play was shorting heating oil and buying crude. If heating oil is filling the reserves crude will fall. Aside there are plenty of tankers filled with crude on the seas waiting for higher prices,it is a very expensive way to store oil if prices are flat. Come winter well that's another story........ I am no weatherman <GGGGGG> Haim

To: pater tenebrarum who wrote (17731)	9/12/2000 8:31:22 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

LOL, the $2.5 million rat requirere... nytimes.com Or, as G.W. says, "subliminable". Caught. ROFLMAO! Regards, Jim

To: pater tenebrarum who wrote (17731)	9/12/2000 8:33:39 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 436258

OPEC's already said they'll reduce supply barrel for barrel against the SPRO. Only a fool would play chicken in this situation - hence, spro will flow. Will it work? It may bring back oil prices a tad, but it will probably precipitate a more subtle change. All this "our economy is immune to oil" talk will begin to look suspect when the government decides to tap into something designed to be used in the event of war or a major disaster. Besides, refineries are running at near capacity, so I don't think adding more crude to the equation will change what lies before us this winter. Gasoline, heating oil, and natural gas will all hit us with a massive inflationary punch.