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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54324)	10/16/2004 10:28:43 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Jay, and the elderly members of the house of Saudi arenot yet replaced. Wait for it. Depending on a precious resource like oil from places like Iraq, Nigeria and such, points only to one way: UP!!!

To: TobagoJack who wrote (54324)	10/17/2004 4:28:12 AM
From: elmatador	Respond to of 74559

Nakagawa Calls Crude Oil Price Calls @ $55 `Worrying'. Apparently he begs toi differ form Greenspan. But agian there is no presidential election in Japan right? This is no good for my Yen holdings, Jay! Japan's Nakagawa Calls $55 a Barrel Crude Oil Price `Worrying' Oct. 17 (Bloomberg) -- Shoichi Nakagawa, Japan's trade and industry minister, said a crude oil price of $55 a barrel is ``worrying.'' Crude oil reached a record $55 a barrel in New York last week. Prices have risen every week since Sept. 13. ``There are two effects on Japan from the rising oil price,'' Nakagawa said on a Fuji Television program. ``There's the impact on the Japanese economy from the U.S. economy as a result of the higher price, and the direct impact in Japan.'' Nakagawa said the high price also has an effect on public sentiment and that he will watch the situation ``very carefully.'' Crude oil may rise for a sixth week on concern supply cuts by Norway, Nigeria or Iraq may deter refiners from increasing winter fuel inventories, a Bloomberg survey showed. PS: Jay, I miss last year when the <<action and excitement>> was SARS when I was in Bangkok!