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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (10603)	3/21/2004 6:44:26 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

If the government actually wanted lower prices you don't think Bush could say a few words to the right people? No. I am convinced Saudi Arabia wants Bush out as president. What better way than to jack up the price of oil. Perhaps China has had enough of Bush as well. If that is the case China will be buying more than it needs. Putting on price pressures. You don't think the government should stop buying at these high oil prices to just place oil in reserve? Our resereves are dangerously low. The real question is why weren't we slowly filling them over time? Probably cause we were too stupid to see the affect of Chinese demand. Now what? What happens if there is terrorism in Saudi Arabia and a pipeline is taken out, or a refinery, or worse yet the govt falls? You want to dwindle our supplies further and pray nothing bad happens? Mish

To: Steve Lokness who wrote (10603)	3/22/2004 12:19:35 AM
From: Roads End	Read Replies (1) \| Respond to of 110194

The largest US OSB producer, LP, was just about bankrupt several months ago so I wouldn't be so quick to conclude these corporations are getting fat. As far as manipulation, forget about it, all building materials are going up, not just OSB. You ask why did the price remain dirt cheap during the entire housing boom?. Last I checked the housing boom was still underway. I sure wouldn't be building any spec homes though. -g- These basic materials will crash hard and fast then you will see just how weak the big players like WY and GP that are drowning in debt really are. They are not getting fat.