placing the palestinian struggle

[Carl Remick]

>From: "Carl Remick" <carlremick at hotmail.com>
>
>>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

Here's some context from CBS MarketWatch economist Irwin Kellner today:  
"... close to $50 billion was injected into the economy between May and 
December last year, thanks to a 50-cent drop in the price of gasoline. This 
was one reason why the recession was so mild.  But gasoline prices have 
jumped by nearly 30 cents a gallon since the end of January alone. This 
translates into a rise of more than 20 percent -- the biggest percentage 
increase in half a century."

http://cbs.marketwatch.com/news/story.asp?guid=%7B1627423B%2D6821%2D401B%2DBA2B%2D54965B4CF6BF%7D&siteid=mktw

Carl

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