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To: Bucky Katt who wrote (6776)9/25/2000 1:57:35 PM
From: James Strauss  Read Replies (2) | Respond to of 13094
 
Thanks for the article William...

It seems to be saying that demand for the paper (derivatives) has an effect on futures prices regardless of the actual crude oil supply/demand situation... It would then seem that all the gov't would have to do is buy or sell paper counter to the rising market... This would seem to obviate the need to release 30 million barrels from our petroleum reserves... The downside is that gov't interventions usually come back to haunt the free market... Now where did I put my Unicycle? : >

Jim