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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (98741)6/20/2009 5:28:52 PM
From: John Metcalf3 Recommendations  Respond to of 116555
 
If Strategic oil reserves were drawn down for a non-emergency, wouldn't WTI rise even more dramatically when we have a real emergency? For example, as we enter the possible emergency season caused by hurricanes, would we want a strategic reserve of sour crude which refineries aren't prepared to process into gasoline?

If Congress Critters feel they have to do something about gasoline prices, they could reduce taxes on it. However ill advised that may be, setting tax levies is at least within their job descriptions.



To: mishedlo who wrote (98741)6/20/2009 11:28:33 PM
From: Broken_Clock2 Recommendations  Respond to of 116555
 
Message 25729645

Goldman set to pay out the biggest bonuses in their 140 year history. Thanks O!



To: mishedlo who wrote (98741)6/22/2009 9:41:23 AM
From: atticus4paws  Respond to of 116555
 
Didn't Bush fill it up at around $90/barrel on average? Smart move by us to sell it for less. :( EOM


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