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

To: TobagoJack who wrote (59639)	4/26/2006 9:09:28 PM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

it would be interest if and when the euro-denominated and usd-denominated price of oil veers apart and away from the explicit euro:usd exchange rate that will never happen. that's the beauty of a freely exchanged currency. a dollar can be exchanged for a euro at the prevailing rate and then the euro converted to oil or vice versa. Elementary, TJ...elementary.

To: TobagoJack who wrote (59639)	4/27/2006 6:50:35 AM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

Putin Talks of Sending Oil to Asia, Not Europe Published: April 27, 2006 nytimes.com <snip> MOSCOW, April 26 — President Vladimir V. Putin said Wednesday that Russia should direct future oil and natural gas exports to Asia because "unprincipled competition" had blocked its energy companies from expanding elsewhere. With the bold warning that Russia has other export options, Mr. Putin waded into a debate in Europe over the plans of Gazprom, the natural gas monopoly, which is trying to enter the retail gas market. Mr. Putin couched his words in a discussion of a new Siberian pipeline to ship oil to China, Japan and other Pacific Rim markets. He spoke before a meeting on energy issues with Chancellor Angela Merkel of Germany in the Siberian city of Tomsk. This week, the Russian oil pipeline operator Transneft said that it would break ground on Friday on a 1,400-mile pipeline from eastern Siberia to the Pacific Ocean. The pipeline, which will be able to carry 1.5 million barrels a day, could divert exports to Asia that now go to Europe. The swagger in Mr. Putin's remark suggests his government believes it now has a strong negotiating hand with Europe on energy issues. <snap> ---------- whack whack whack