"Wm Dawol" <seeallthe@lilpiggies.com> wrote in message
news:MPG.1af0d8e21f5f48f6989881@netnews.comcast.net...
In article <ZaFhc.39060$L31.15216@nwrddc01.gnilink.net>,
says...
"Wm Dawol" <seeallthe@lilpiggies.com> wrote in message
news:MPG.1af0aa074c62215a989880@netnews.comcast.net...
In article <vxvhc.25217$Yf6.4392@fed1read07>,
researchermd@netscape.net
says...
"Wm Dawol" <seeallthe@lilpiggies.com> wrote in message
news:MPG.1af020c5ba55079e98987f@netnews.comcast.net...
In article <vevhc.29094$G_.26616@nwrddc02.gnilink.net>,
says...
"Wm Dawol" <seeallthe@lilpiggies.com> wrote in message
news:MPG.1af01b06ddb4afe598987e@netnews.comcast.net...
We'll probably never know since Bush isn't straight with the
American
people. Anyone want to take a guess?
Same thing as his daddy, Clinton, Reagan and Carter did... ask
them
pretty
please don't cut production too much where I don't get blamed
for
higher
gas
prices for my reelection????
Wrong answer, next?
For those who don't understand leftyspeak, the above response means
"Your
answer is correct,
I don't recall even any allegations of secret Saudi deals with
Clinton,
Reagan or Carter. Post the URL's.
Allegations? Prince Bandar admitted that very thing today. Someone
already
posted it in the NG. But there wasn't necessarily any quid pro quo or
anything sinister associated with it, although I am sure the Saudis use
their influence in that regard all the time - especially related to
PA/Israel issues.
Bandar said they generally wanted to keep good relations with any Prez
in
office and try to keep prices stable - especially during US elections.
They
are also not magicians - sometimes they under/over estimate based on
what
they think market conditions or the economy are going to do. And there
is
often those OPEC members the 'cheat' a little on their quotas. When
prices
collapsed back in '98 it was because of the Asian economic crisis and
big
slow-down in Japan (that was not expected).
Also if you recall Clinton dipped into the SPR during the 2000 election
to
keep prices low (heating oil if I recall). I also think the trouble in
Venezuela has had quiet a lot of impact on supply more recently
(US-hating
left winger took over that thinks he is Castro).
John
Well since this thread is cross posted to several ng's, I don't know which
you are referring to. The Reuters story,
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=4901081
doesn't mention Clinton Reagan or Carter. It would be naive to
to trust any statements by the Saudi's, although you may prefer to
overlook that if it suits your purpose. I don't mean to perpetuate
any stereotypes but the Middle East culture doesn't strike me as
lending itself to doing something for nothing.
I have no idea why you would think that would be all that odd. I would be
rather surprised if all US Prez's didn't constantly try to jawbone prices
down by getting them to up production - and *especially* if their election
is coming up. Believing they would not do that I would find to be rather
naive because it is a win win... so long as they don't give away the store
to get it of course. Like I said I also suspect the Saudis use their
leverage all the time as well.
And yes... I will try to find the post I read this morning because it did
mention all Prez in office... and their general policies in regards to price
stability and target prices they like to see ('about $25' I believe he said
for healthy economies). It is a lot higher than that right now of course. I
need to remember which NG I saw it in.
John
.
