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.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (53583)	9/23/2000 4:12:36 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

To play devil's advocate.... as has been pointed out, 30M barrels is not that much. Certainly, the clinton advisors know this. And no doubt they are not unaware of the situations at the refineries. so, could this simply be a shot across the bow of OPEC?

To: The Phoenix who wrote (53583)	9/23/2000 6:23:26 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 63513

I think the amount released is hardly a drop in the bucket... clearly, OPEC has us over a barrel... (ouch!) once the oil is released from our reserves, it's just crude material, not at all processed or refined... that would take months... I think this will backfire and I also think if crude opens lower on Monday, it will probably be bid right back up to still higher levels by the contractors and refineries who are lining up to bid for that released crude.....BWDIK GZ