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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (17140)	11/30/2004 1:12:14 AM
From: mishedlo	Respond to of 116555

bet the house Message 20810827

To: Chispas who wrote (17140)	11/30/2004 1:19:12 AM
From: mishedlo	Respond to of 116555

OPEC president sees global oil demand sharply down in Q2 2005 - Tuesday, November 30, 2004 5:10:20 AM afxpress.com (Updating with OPEC's current production level) JAKARTA (AFX) - World oil demand may fall sharply in the second quarter of 2005 and the Organization of Petroleum Exporting Countries (OPEC) may take action in anticipation of such a decline, OPEC President Purnomo Yusgiantoro said "There have been developments (that suggest) that during the second quarter of 2005, demand for oil will plunge," Yusgiantoro said without elaborating "Therefore there's a need to think about this and the steps to be taken," he added He said OPEC will discuss its policy for 2005 at its upcoming meeting in Cairo on Dec 10 The meeting will also discuss OPEC's current price range for its benchmark basket of crude oils of 22-28 usd per barrel, he said OPEC uses the band to determine whether it must reduce or add production in order to keep oil prices stable within that range It is considering revising the basket price range to reflect higher world crude oil prices In overnight trade at the New York Mercantile Exchange crude for January delivery rose 32 US cents to close at 49.76 usd a barrel, its highest level since Nov 3 Yusgiantoro said OPEC's current oil output, excluding Iraq, stands at 1.5 mln barrels per day (bpd) above its quota of 27 mln bpd "With Iraq, total production amounts to 30.5 mln barrels (per day)," he said

To: Chispas who wrote (17140)	11/30/2004 8:47:02 AM
From: Chispas	Respond to of 116555

White House doesn't want Treasury chief to stay on ..... By Gregory Robb, CBS Marketwatch.com Last Update: 9:31 AM ET Nov. 29, 2004 WASHINGTON (CBS.MW) -- President Bush is dissatisfied with his economic team and is moving more quickly than previously thought to find a replacement for Treasury Secretary John Snow, according to a published report. Snow may only be allowed to stay on for six more months, according to the Monday report in the Washington Post. Outside observers had thought that Snow had secured his place in the second-term economic team through his relentless campaigning for Bush's reelection, but the Post said that White House officials don't want Snow to stay very long. White House chief of Staff Andrew Card and New York Gov. George Pataki are listed as possible replacements for the Treasury post. Commerce Secretary Don Evans and senior White House economic advisor Stephen Friedman have already announced their resignations. N. Gregory Mankiw, chairman of the Council of Economic Advisers, also is expected to depart. Only White House budget chief Joshua Bolten is expected to remain with the administration in the second term, according to the report... (Registration required)