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To: chowder who wrote (74020)9/20/2000 10:39:44 PM
From: pz  Respond to of 95453
 
A question.....

Since it appears likely that Clinton will release oil from the Strategic Petroleum Reserve to ease tight oil supplies.

Here are a couple of questions.

How much will he likely release and over what period of time?

The last time we dipped into the reserve what was the immediate affect on oil prices and how long did it hold them in check?

Obviously Clinton is trying to save his legacy by trying to get Gore elected and this is a way to help him.

Any thoughts?

Paul



To: chowder who wrote (74020)9/20/2000 10:40:46 PM
From: pz  Read Replies (2) | Respond to of 95453
 
A question.....

Since it appears likely that Clinton will release oil from the Strategic Petroleum Reserve to ease tight oil supplies.

Here are a couple of questions.

How much will he likely release and over what period of time? What will the likely price drop be?

The last time we dipped into the reserve what was the immediate affect on oil prices and how long did it hold them in check?

Obviously Clinton is trying to save his legacy by trying to get Gore elected and this is a way to help him.

Any thoughts?

Paul



To: chowder who wrote (74020)9/20/2000 11:02:41 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Hi Dabum. What considerations led you to sell your patch stocks?

As you probably know, I also did substantial selling beginning last Thurs up till mid-day yesterday. Have raised a healthy %age of cash though not as much as you have. Did you bail on ALL your O&G related stocks?

Did you reinvest the $$ elsewhere or are you going to hold the cash for awhile?

I'm also getting a little worried by the way the broad stock market indices have been acting in recent days.

Isopatch