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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (6930)	6/3/2006 3:42:07 PM
From: elmatador	Read Replies (1) \| Respond to of 217689

Iran rents more tankers to hold unsold oil has 7 VLCC under contract for use as storage because of difficulties selling heavy, high-sulfur crude oil on the world market. Iran rents more tankers to hold unsold oil Jun 2, 2006 Norwegian ship brokers have confirmed that the National Iranian Tanker Co. has chartered two more very large crude carriers to store unprocessed crude oil. The latest bookings raise NITC`s floating storage capacity to 18.4 million barrels, the Oil & Gas Journal reported Friday. Iran already has seven very large crude carriers under contract for use as storage because of difficulties selling heavy, high-sulfur crude oil on the world market. iranian.ws

To: TobagoJack who wrote (6930)	6/3/2006 5:02:52 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217689

TJ, throughout Y2K, I was puzzled as to why Uncle Al did not rapidly drop interest rates as it was more than obvious that irrational exuberance had not only come to an end but there was a Biotelecosmictechdot.com bust underway. I realized later than I should have done that he was aiming at a Republican win [he and his cohorts] by keeping interest rates higher than they should be to squeeze the incumbents. Unfortunately, by the time he [they] realized what was going on, they were stuck with a biggish bust, though it never amounted to a very big deal in the Dow, even with 911 thrown in to really frighten the horses. But apart from that little effort, he did a sterling job over the decades. Which I don't think is all that difficult. Raise interest rates when it's too cheap and drop them when demand falters. It's a bit like pricing bananas, or Globalstar minutes for that matter. Mqurice