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Post# of 704041
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federal reserves

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Alias Born 07/10/2002

federal reserves

Re: None

Monday, 08/19/2002 8:41:41 PM

Monday, August 19, 2002 8:41:41 PM

Post# of 704041
POO watch.

Oil is exploding now. It could move in a parabolic fashion.

Should clear $30 soon.

Bush will not use reserves.
OPEC will not increase output.

Will inventory draw downs continue as winter and fuel oil season hits a peak? Big holiday driving season coming to over Labor Day.

Near term resistance $30.20, $32.40.

The US economy cannot grow industrial output or employment with oil over $30.

Stagflation.


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