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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Nick who wrote (16809)11/16/2000 9:31:35 AM
From: edamo  Read Replies (2) | Respond to of 65232
 
nick...exactly what was clinton's energy policy that caused oil to be priced at $12 barrel????

lift your eyes, learn more about global oil pricing....has naught to do with "energy policies" of any sovereign nation....

oil price was low due to lack of consumption, caused by economic slowdown in certain industrialized nations. asean producers ( on balance exporters)found themselves with excess inventory and capacity....most china sea rigs were shut down....