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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Elsewhere who wrote (38050)8/15/2002 9:33:34 PM
From: flint  Read Replies (1) | Respond to of 281500
 
I was referring to the supply the refinaries have. If 6 million of the 9 million barrel drop in the supplies at the refinaries was the result of the US buying for their petroleum reserves this is panic buying. The reserves were ment to be built up over time in quantities so small they would have no inflating impact on oil prices. At 6 million barrels a week the strategic petroleum reserves could go from empty to full in less the two years. There is no reason to believe that there are less than 500 million barrels already in reserve. So why buy 6 million in one week?

Tuesday the next oil report comes out. We will see then whether it was just some strange mix-up.

Flint



To: Elsewhere who wrote (38050)8/16/2002 1:27:13 AM
From: LindyBill  Respond to of 281500
 
Looks like the Mullahs have got control in Kuwait.

Daily Brickbat
Absurd news bites, served fresh every day.
By Charles Oliver

Single-Sex Ed (8/16)
Kuwaiti Education Minister Musaed al-Haroun plans to gender segregate all classes at Kuwait University by the end of the next school year, reports Minneapolis-St. Paul?s Star Tribune. Classes have been integrated at the nation?s only university for almost 40 years, but Islamic extremists are now pressuring al-Haroun to enforce a 6-year-old law mandating that men and women be separated. The university says it will cost at least $180 million to accomplish this, but Islamists say it?s necessary to protect women.