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

To: mishedlo who wrote (10608)	3/21/2004 7:05:56 PM
From: FiveFour	Read Replies (1) \| Respond to of 110194

Our reserves are not dangerously low. The current Administration has steadily built up the Strategic Petroleum Reserve after it was modestly depleted in the Clinton Administration. The US has a high inventory level: -The SPR is currently at its highest level in term of absolute barrels at 647.5 mn barrels, split between sweet and sour (but mostly sour) grades -Storage Capacity-700 mn barrels -Current Days consumption-53 days, note this is far below the record days consumption set in 1985 of 118 (US consumption was far lower 20 years ago). -IEA requirement –the Agency recommends 90 days of import protection if the SPR is combined with private or commercial stocks; the US has around 150 days consumption now It would take 13 days from the time the President orders the sales to get it into the system.

To: mishedlo who wrote (10608)	3/21/2004 7:12:23 PM
From: gregor	Respond to of 110194

I've been saying all along that after Bush gets Saddam: Saddam would get him ! Politically speaking !

To: mishedlo who wrote (10608)	3/21/2004 8:06:22 PM
From: Steve Lokness	Respond to of 110194

mishedlo; You mean the Saudi Arabian leaders are amongst the leaders of the world who have talked to Kerry? <smile> Perhaps Chavez has also talked to Kerry? Chavez hates Bush - obviously for good reason!! Talk about your powder kegs! This is where the war in Iraq is so dangerous - our attention has been singlemindedly focused on Iraq while the rest of the world melts!! More seriously, I think you are wrong about Saudi Arabia. I think they would polish Bush' boots if he told them to. I do believe they would like him out of power - but hell I think virtually the entire world wants that - except perhaps the CC. They want him out of power, but as the president of the US, they need him as much as he needs them. It's an ugly and dangerous marriage made in hell. Steve