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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 (10615)3/22/2004 12:07:43 AM
From: mishedlo  Read Replies (4) | Respond to of 110194
 
do you think that Bush is working AGAINST rewarding the oil companies?

What I actually think the Bush plan is:
Is to build up reserves now and flood the market with unleaded gas supply starting mid summer and heading into the election.
No exact timing but I would think a June-July peak would be about right.

IMO this administration will do practically anything to get re-elected. A Kerry assination is not totally out of the question and neither is ballot box rigging. I doubt those do happen but I would not be surprised by it. Personally I think Kerry will win as long as he stays alive. I am getting off base of this thread here.

Lets just say that rebuilding of reserves right now is suspicious as will be a sudden "supply" later this year.

In the meantime I still want to hear from Russ cause I do not think supplies are that great.

Mish



To: Steve Lokness who wrote (10615)3/22/2004 10:19:56 AM
From: Archie Meeties  Read Replies (1) | Respond to of 110194
 
Steve,
Storage is high only if you count the SPR. If you use world and us stocks minus strategic reserves, we are below the 5 year avg. The Strategic reserves have a very limited influence on price, as they are not available to the market except in emergency.