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To: Chuzzlewit who wrote (24613)6/24/1998 4:24:00 AM
From: Czechsinthemail  Read Replies (1) | Respond to of 95453
 
Chuzzlewit,

One possible motivation for flooding the market with crude is to increase current cash levels. The need or desire for more current cash can prompt what would otherwise seem insane. They may have domestic projects to fund or Swiss bank deposits to make. The need or the desire to have cash now can produce selling that otherwise wouldn't make any sense.
Baird



To: Chuzzlewit who wrote (24613)6/24/1998 8:19:00 AM
From: Gator II  Respond to of 95453
 
Perhaps, just perhaps, you are being a bit too logical in your argument, Chuzzlewit. Actually, I agree with your very rational argument as it applies to private enterprises but in the case at hand, we are discussing governments and it ain't the administrator's or politico's money, it's the taxpayer's or monies derived from the government's (Saudi's) exploitation of natural resources.

One example (not oil related) of such idiocy is our own government's rolling over of our national debt to short term notes and bonds from long term ones throughout the Clinton Administration's reign. Their attitude is obviously to totally disregard long term economic consequences for short term advantage (and who would deny it isn't working to the shame of this Administration and the ignorance of the national press and Joe 6 pack) which is what may be motivating the Saudi's who have near term bills to pay.

Gator II