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To: Archie Meeties who wrote (21044)	9/22/2000 7:07:36 PM
From: NOW	Respond to of 436258

MAybe. But oil is not the cause of inflation: printing money endlessly is, and releasing the SPR doesn't put an end to that!

To: Archie Meeties who wrote (21044)	9/22/2000 7:25:55 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

<<Europe has spare refinery capacity and so does Asia. Oil that is not imported here will be refined there, and the pressure on the tanker market will also ease because of several reasons; refined products need less tanker space, and the distance between the source of crude and the refinery will be reduced.>> Archi, keep in mind that a large part of the fleet that carries crude and distilled products is specialized (ie, a very large crude carrier (VLCC) can't transport gasoline, etc). While the tanker transit problem may be relieved to some degree, it's mitigated by the fact that if the U.S. were to benefit directly from products refined in Europe or Asia, there is still a long time lag for those products to be manufactured then transported each way, then distributed within the U.S. IMO, it will not serve to relieve heating oil shortages here untill the very end of the winter at best. Time will tell...