Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (17978)	9/13/2000 1:40:55 PM
From: Gary M. Reed	Read Replies (2) \| Respond to of 436258

Slick has plenty of incentive to keep the bubble alive and well. Priority One is to make sure Algore gets elected, ensuring a Clinton-friendly Attorney General for another 4 years. I'm sure he's seen what happened to his fellow former southern governor, Edwin Edwards (LA) after he and his cronies got flushed out of office. For those who aren't familiar with Louisiana politics, Fast Eddie narrowly escaped multiple indictments while in office, primarily because his cronies always stuck together. Once he was perceived as being permanently out of office (and hence, out of power) though, the cronies had no reason to vouch for him anymore and they all dropped the nickel on him in plea bargains to save their own hide. He's now got a one-way ticket to a Federal prison. Don't doubt for one second that Slick hasn't taken note of what happened to his former neighbor to the south and prepared accordingly. What happens to the economy after the first Tuesday in November doesn't matter. In fact, I wouldn't be surprised if Easy Al stepped down from the Fed after the elections...always smart career-wise to get out at the top.

To: Terry Whitman who wrote (17978)	9/13/2000 2:47:38 PM
From: Ken98	Read Replies (1) \| Respond to of 436258

<<NYMEX crude slips further as SPR draw seen closer NEW YORK, Sept 13 (Reuters) - Crude oil futures slid further from 10-year highs in afternoon trade Wednesday on news that, if ordered by President Bill Clinton, the government would be able to deliver crude oil from strategic stockpiles within two weeks. October crude dropped another 24 cents on the news to post a fresh session low of $33.81 a barrel, bringing the day's losses to 47 cents. More selling followed later, pushing October crude sharply lower to $33.55, down 73 cents. Some buying on the dips followed, trimming losses to 28 cents at $34. ``Everbody is talking the market down and they have had some success, but the question is whether these things will happen at all...the mere talk of more oil is already pushing the market down,'' said Tom Bentz, analyst and trader at Paribas Futures Inc. in New York. Earlier, OPEC President Ali Rodriguez said the cartel could add two million barrels a day more of oil to the market ``if necessary.'' On Tuesday, the White House said releasing oil from the 571-million barrel Strategic Petroleum Reserve (SPR) was an option being considered, among unspecified steps being examined to prevent a winter fuel supply squeeze. On Wednesday, U.S. Sen. Charles Schumer, Democrat of New York, said he believes the Clinton administration is ``more likely than ever'' to release oil from the SPR to prevent sharp price spies in winter home heating oil because of runaway crude oil prices.>>