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To: GVTucker who wrote (43575)	11/17/2000 11:10:41 AM
From: JRI	Read Replies (3) \| Respond to of 77399

GV- Cheney is an oil guy. He has credibility. Our Arab friends/enemies (and Chavez in Venezuela) know him....he would have immediate credibility in negotatiating, prodding, etc. those parties into production increases....I don't think he can force the producers to do something they are firmly against, but often, the cartel is of 2 minds....a guy like Cheney could tip the balance.. I don't think Bill Richardson has any credibility with the producers...It is clear that Clinton has had no real policy against higher oil $...Let's suppose this: In January, the price of oil hits critical, technical support levels (say $ 30 a barrel)- due to a warmer winter, looking to the spring (or whatever)..at that time, Bush/Cheney come out with a policy statement encouraging drilling and other measures (blah, blah)- that could be something that breaks the "technical" back of oil...drives it towards $ 25.....and keep it there...Such a statement would have credibility coming from Bush/Cheney...less so from Gore/Liebermann.. Right now, the psychology is very bad in the oil markets (from the US perspective)...The US has no more cards to play under Clinton. Bush/Cheney gives us a shot to break this trend....or are you arguing that psychology doesn't play a role in the oil markets?