<div>Marvin Gandall <<A href="http://us.f514.mail.yahoo.com/ym/Compose?To=marvgandall@videotron.ca&YY=68284&y5beta=yes&y5beta=yes&order=up&sort=date&pos=0&view=a&head=b"><FONT color=#003399>marvgandall@videotron.ca</FONT></A>> wrote:</div> <div> </div> <div><BR>Those who suggest that the political machinations of the Bush<BR>administration have had more to with falling oil prices than economic <BR>and geopolitical considerations have focused on this summer's rejigging of <BR>the Goldman Sachs commodity index than on the Saudis' dithering over an <BR>OPEC production cutback - particularly the timing of such a move - even <BR>though the latter is where US influence on the oil market has historically <BR>been most evident. The OPEC cuts are slated to begin at the end of October <BR>so that the impact of any price bounce will be felt after the election, <BR>not before. It will be interesting to see whether GS follows suit by
<BR>restoring the weighting of gasoline futures in its commodity index, but even so <BR>it wouldn't follow that its motives have been driven more by politics <BR>rather than speculation on the price outlook.)<BR><BR>OPEC to Cut Global Output<BR>By One Million Barrels a Day<BR><BR>Associated Press<BR>October 11, 2006 7:10 a.m.<BR><BR>ABUJA, Nigeria -- OPEC will cut global production by one million <BR>barrels a day to boost prices, Nigerian oil minister and OPEC president Edmund <BR>Daukoru said Wednesday.<BR><BR>"The cut itself is agreed," Mr. Daukoru told rep......</div> <div> </div> <div>***********************************************************************</div> <div> </div> <div>Raise the supply; cut off the supply. There's plenty of oil. It's a question of regulating production to suit price and profit within continuing pacific political-economies. Iraqi oil on the world market would just have to be met with
cutbacks in output from other capitalist/feudalist States. Capitalist America controls Iraqi supply.</div> <div> </div> <div>Regards,</div> <div>Mike B) </div> <div> </div> <div> </div> <div> </div> <div> </div> <div> </div><BR><BR>Read "Penguins in Bondage":<br>http://happystiletto.blogspot.com/<p> 
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