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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (5234)9/18/2000 7:39:36 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 30051
 
>13:55 OCTOBER CRUDE HITS $37 A BARREL, UP $1.08; A NEW TEN-YEAR HIGH

>> Soon you are going to see "plunge protection teams" at work, including louder voices for using our strategic petroleum reserve.<<

Zeev,

Do you think there is the possibility that if the strategic oil reserve comes into play, that it will spook the markets even more? Would it not only re-enforce the notion of a looming oil crisis?