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To: Holicheese
Time to dump the strategic petroleum reserve! Crush the price downward. Fill it back up at bargain prices.

NO!!! The SPR is not for the government to play market speculation. Dump the reserve and you will see OPEC take that moment to flex their muscle.

24 posted on 01/16/2007 9:27:05 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

We have not, under Bush, used the SPR to affect prices. I can't say much about the Clinton years.

Now, what the Chinese do with their SPR I don't know. Rumors of Chinese manipulation of commodity prices have continued unabated for a few years.

What do you hear in the industry?


33 posted on 01/16/2007 9:54:35 AM PST by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120))
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