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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (8195)	9/19/2001 4:11:05 PM
From: Razorbak	Read Replies (1) \| Respond to of 23153

Psychology is Not Always Logical JQP: I was referring to the psychology of the oil market. Yes, the chokepoints have been stable in recent years, but NATO allies weren't preparing for war then. They are now. Despite where we get the bulk of OUR oil, the crude market is global. If a choke point closes, even temporarily, the world crude price spikes, regardless of how much is on the water, and whether or not that particular supply source is lost for any particular country in the short term. Remember what happened to crude prices when the Iraqi tanks first rolled into Kuwait? How about bond prices? I do, because I was long 30-yr, zero coupon bonds at the time, and I had my "financial" head handed to me on a crude (forgive the pun) but effective Iraqi "shield." Razor