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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (741854)	6/1/2006 5:35:44 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 769670

Wrong answer, not in my book, I decide when a discussion has ended... so long... Oh, and have a nice day... GZ

To: Kenneth E. Phillipps who wrote (741854)	6/1/2006 10:48:09 PM
From: Hope Praytochange	Respond to of 769670

Oil Drops After U.S. Offers Iran Talks Oil prices dropped Wednesday after Secretary of State Condoleezza Rice surprised the markets by suggesting the U.S. was willing to join in multinational discussions with Iran if the Middle Eastern nation "suspends all disputed nuclear activities," according to this morning's Wall Street Journal. The U.S. suggested it was ready to begin a "new and positive" relationship with Iran as soon as the country ceased uranium enrichment. On the news, U.S. crude fell as low as $70.05, while Brent crude dropped 64 cents to $70.41. "If the U.S. were to get involved in even indirect dialogue, it would result in a significant decrease in tensions," Nauman Barakat of investment bank Macquarie in New York, told ABC News. [Editor's Note: In April 2004, Financial Intelligence Report predicted that oil prices would skyrocket from $29 per barrel to over $60 within a year. That forecast was dead-on. Find out what FIR thinks oil will do over the next 12 months. Go here now.] "It is an opportunity for the world to clarify Iran's intentions, and it is an opportunity for Iran to make its intentions clear," Rice said yesterday at a news conference. Iran has previously offered to cease its attempts at nuclear enrichment in order to escape a crisis, according to The Journal. The Iranian government offered no official response to Rice's statement. In other oil news, OPEC is expected to keep pumping oil at a steady rate. Hugo Chavez, president of Venezuela, had called for OPEC to cut its production levels. But Qatar's oil minister, Abdullah al-Attiyah, said that he did not believe output should be cut now, echoing comments by other important players in the cartel, according to the AP. The oil cartel meets today to discuss oil production levels.