placing the palestinian struggle

Carl Remick carlremick at hotmail.com
Mon Apr 1 13:33:17 PST 2002



>From: "Seth Ackerman" <sia at nyc.rr.com>
>
>Carl Remick wrote:
>
> > OTOH, as CBS MarketWatch notes today: "Crude futures soared above $27 a
> > barrel Monday on fears of a possible disruption in Middle East oil
>exports
> > following heavy violence between the Israelis and Palestinians over the
> > weekend. Crude for May delivery rose as high as $27.07 a barrel before
> > closing at $26.88, up 57 cents on the New York Mercantile Exchange. The
> > contract had been trading as low at $19.85 a barrel just two months ago
>on
> > Feb. 7."
>
>Please. Markets fluctuate. It has never been a goal of US foreign policy to
>be able to control the spot market price of a barrel of oil on a day-to-day
>basis.
>
>Seth

Sorry, I didn't intend to point to mere market fluctuations but to highlight the alpha and omega of all US involvement in the Mideast: assuring America's access to oil. Obviously, we're subverting that strategic aim by letting Israel run amok. And the market isn't fluctuating right now; it's just plain heading higher.

Carl

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