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

To: GROUND ZERO™ who wrote (53634)	9/23/2000 6:43:50 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

GZ, As you said, barely a drop in the bucket. Certainly the extra supply isn't what is causing the price to go down, on crude, therefore it must be the message that is being sent to OPEC that is causing the price to come down. I think that this is one of those cases where it is not a supply v demand issue, but is a pure political issue. At this point, I would speculate that there is no intent that the 30M barrels actually enters the refinery process. I think that what we might be seeing is OPEC and Clinton unzipping their pants and breaking out the tape measure. Let's hope they stop before the metaphor starts to get ugly. BTW: As stated in an earlier message, I was, and still am against releasing and of the SPR. But I am trying to look at both sides of the argument. JXM