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To: patron_anejo_por_favor who wrote (21146)	9/23/2000 8:19:21 PM
From: robnhood	Respond to of 436258

I have a paranoid thought that your Bushy guy and cronies are behind the rise in oil prices----

To: patron_anejo_por_favor who wrote (21146)	9/24/2000 2:22:49 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

I agree that SPR flow is just delaying the inevitable. But I don't think OPEC has the resolve to follow through with production cuts so we'll just have to wait until it becomes clear that the SPR is the only thing separating us from $50+ oil (next Spring perhaps). The more important part of the announcement was that the door is left open for future releases - who in that environment would bid up the price? The other causes of inflation you mentioned can be controlled with by further rate hikes. And I don't think you can say the dollar is weak. My interpretation is that the coordinated efforts to lift the multinationals on the DOW was facilitated by the FED's gesture to stabilize the euro. It didn't have much to do the euro, IOW, but everything with ramping the DOW in the wake of INTC's warning. It was dollar strength that allowed them to do this, not weakness.