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To: Razorbak who wrote (81199)	12/9/2000 8:33:17 PM
From: Archie Meeties	Respond to of 95453

Along those lines, I wouldn't be surprised to see a Bush reversal of the recent Clinton classification in late '99 of SUVs as automobiles instead of light trucks. When classified as light trucks they were exempt from tougher automobile emission standards. Subsequent to that decision, the supply of pd came to be measured in weeks, or at times days. Pd recently approached $900 an ounce, to say nothing of Rhodium, and there's no relief in sight. While the cost of pd in a car is relatively small, the problem is with actual supply. Just a little supply disruption and the automobile industry would be unable to make cars compliant with regs. As an aside, the longer pd stays well above the price of pt the more attractive a long position in pt is. Pt can do the job as an automobile catalyst, as it has before, would just take a little re-engineering. It doesn't help that somebody might be trying to corner the palladium market either.