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

To: Moominoid who wrote (67412)	8/13/2005 5:29:32 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Moominoid Re: "Bush" There is a sort of "conspiracy theory" that I have read snippets of here on SI and on Value Forum and other places that has the US along with the Saudis and other allies are jacking up the price of oil as a sort of "oil weapon" to use against China. One version of the story has the "Caribbean" hedge funds playing an important role and I have also heard mentioned the infamous "PROMIS" software and the shadowy "Economic Stabilization Fund" as part of this effort. Now if there is ANY truth at all to this business, a little saber rattling with Iran would be a super low risk/low cost way to run up the price of oil. I think I see a little confirmation that such a scheme is underway. One, with Japan stocks rallying, that means that big money is moving from the worlds #1 stock market to the #2 stock market. Also, the new federal highway bill is just enormous, a sort of New Deal sounding effort like you might expect if high oil prices was about to bring down the US economy. Maybe MUCH higher oil prices? Buy oil, foreign government bond funds and Japan? Slagle