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To: flatsville who wrote (21154)	9/23/2000 3:18:50 PM
From: flatsville	Respond to of 436258

Here's a good overview of the INSLAW scandal: wired.com

To: flatsville who wrote (21154)	9/23/2000 11:09:47 PM
From: Haim R. Branisteanu	Respond to of 436258

flatsville the speculators on crude are not in Rotherdam but in New York, many owner of crude thankers are in the US financial industry. You will be surprised how may ships are owned by financial institution. One of the preferred spreads is to short distilate and buy crude for an adequate spread. As long as distalte products move up so will crude. Crude is the the hedge agains the short position in distilate and it is the interest of the financial hedger to keep crude high until he covers his short in the distilate products. (they need the spread - cost of refining) All what the administration was trying to do is to force the price of crude down which will force short covering of distilates and pressure their price up. All in ALL a dum idea. Haim