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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (9405)	5/12/2008 3:48:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi OX, I agree: Message 24579329 Bob

To: The Ox who wrote (9405)	5/13/2008 3:54:00 PM
From: The Ox	Respond to of 33421

Also Tuesday, the Senate voted 97-1 to direct President Bush to stop adding to the nation's strategic petroleum reserve. Some lawmakers feel that these shipments, which average 70,000 barrels a day, are pushing oil prices higher. The administration argues that that amount is a pittance compared to the 21 million barrels of oil the U.S. consumes each day. Just confirms my point that the administration will do anything to keep high oil prices. Even a temporary suspension, while prices spike, would make common sense.