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To: patron_anejo_por_favor who wrote (17944)9/13/2000 11:11:09 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
lol. How long do you think it would be before supply can meet a demand based on a normal (i.e., colder than lately) winter and diminish demand from business (-g)?

I have stayed out of oil because I felt I missed the move. Is there really anything left in the futures or sector in your opinion? Others can comment please.

BTW, short mini at 3775 based on pattern failure. Drain baby.



To: patron_anejo_por_favor who wrote (17944)9/13/2000 11:42:02 AM
From: Ken98  Read Replies (3) | Respond to of 436258
 
<<Under the administration's crude oil ``swap'' option, the government would loan oil from the reserve to energy companies, who would then sell it on the open market and increase supplies. The firms would replace the loaned oil at a later date with more barrels of crude after prices fell.>>

They could really make this one work - look at the experience they have with the gold markets. <g>

Something tells me though that if they think they can do the same thing with oil they will get their heads handed to them.